Salinas · Lapa · Parque Gabriela II

This is a mortgage foreclosure auction arising from an unpaid loan secured by a single-family home in Salinas. Banco Popular de Puerto Rico is enforcing a mortgage originally executed in May 2016 and modified in March 2018 for $109,514.35 at 4.25% annual interest, maturing in 2058. The borrower defaulted in March 2020. The bank obtained a judgment for $108,012.50 in principal plus 4.25% interest from that date, late fees of 4%, and $10,951.44 each for costs, attorney fees, additional interest, and loan advances. The property is a concrete single-story house on a 322.34 m² lot. A prior foreclosure case filed in 2017 for $101,748.46 appears as a litigation annotation on the title. Investors should verify title status, the current priority and survival of that earlier claim, tax and municipal obligations, physical condition, and occupancy. The sale requires cash or manager's check payable to the marshal.