San Juan · Monacillos · Reparto Metropolitano

This foreclosure auction arises from a mortgage default by the estate of Elizmarie Avilés Martínez, who died after purchasing the property in October 2023. The Cooperativa de Ahorro y Crédito La Sagrada Familia seeks to collect $75,316.36 in principal plus accrued interest, late charges, and attorney fees totaling approximately $86,102.35. The property is a single-family concrete home in Reparto Metropolitano, Monacillos. A key diligence issue is the second mortgage held by the Autoridad para el Financiamiento de la Vivienda (AFVPR) for $18,000 tied to a CDBG-DR housing subsidy with restrictive covenants requiring five years of owner occupancy starting October 2023; early sale triggers a recapture percentage (100% if sold in year one, declining 20% annually). The homestead designation does not prevent foreclosure. Bidders should verify title, lien priority, estate status, occupancy, and whether the AFVPR subsidy survives the sale. Payment is due in cash, postal money order, or certified check at the auction.