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This foreclosure auction enforces a USDA Rural Development mortgage debt from 2001. The borrower, Juan R. Lugo Lugo, defaulted, and the estate is being pursued for approximately $58,725.54 in principal plus interest at 6.875% annually from May 2016, late fees, advances, subsidies, and attorney fees of $7,457.50. The property is a single-family home on a 315 m² lot in Estancias del Parra, Lajas. Title is registered at Finca 15,130. The notice states no prior or preferred liens exist. Payment must be made in cash, postal money order, or cashier's check. Investors should verify title, confirm estate succession status, inspect physical condition, assess possession risks, and review USDA Rural Development program requirements and lien survival terms.
This is not the first auction round. Bidicua may not know whether the property was already sold at an earlier round. Confirm directly with the court before bidding.
Estancias del Parra, Calle Concord B 16 · 00667 · Puerto Rico
Lot B-16 in the Estancias del Parra development, located in Barrio Lajas, Lajas municipality. The 315 m² lot is bounded north by Calle Concord (14 linear meters), south by Lot B-7 (14 linear meters), east by Lot B-15 (22.50 linear meters), and west by Lot B-17 (22.50 linear meters). A 1.50-meter-wide utility easement runs east-west along the north side favoring Puerto Rico Telephone Company. Registered at Finca 15,130, Folio 126, Tomo 338, Lajas section, San Germán Registry.
| Round | Date | Time | Price | Status |
|---|---|---|---|---|
First auction | Sep 2, 2026 | 1:30 PM | $74,575 | passed |
Second auction | Sep 9, 2026 | 1:30 PM | $49,717 | passed |
Third auction | Sep 16, 2026 | 1:30 PM | $37,288 | current round |
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View pricingThis sample combines multiple recorded sources, including any likely auction transfer inferred from a public record dated within nine months after a scheduled auction. Transactions below $25,000 are excluded from market statistics. Directional confidence. Use this sample as market context. It is not a complete sales ledger. Sample refreshed Aug 2026.