Location
Approximate location
Area101.4 m²
Coastline—
Airport—
Street address
Apartamento Multivacacional: B512. CONDOMINIO CLUB VACACIONAL HACIENDA DEL MAR de Vega Alta · Puerto Rico
MunicipalityVega Alta
Barriopending
This is a judicial debt-collection auction brought by Hacienda del Mar Owners Association, Inc. after a court judgment, not a voluntary sale. The auction appears to involve a condominium or apartment unit in Vega Alta, so bidders should review whether the collateral description in the notice matches the property they intend to underwrite. For investors, the main diligence issues are title status, lien priority, HOA or maintenance fees, occupancy, and physical condition. The notice indicates that prior or preferential liens may survive the sale, so lien priority and title status should be reviewed carefully.
Apartamento Multivacacional: B512. CONDOMINIO CLUB VACACIONAL HACIENDA DEL MAR de Vega Alta · Puerto Rico
Semana 19. This specific vacation club right is coupled with a special property right to the above mentioned Unit B-512 and includes the right to use such unit during the 19 week of each year until December 31, of the year 2070, such week commencing at 12:00 noon on the 19 Saturday of each calendar year and ending at 12:00 noon of the same day of the following week, coupled with the membership in the Hyatt Vacation Club o a successor club. Notwithstanding this specific vacation club right allocation of right to use a specific week in Unit B-512 the use of the said unit during the described time interval is subject to the exercise by the owner of certain priority rights during a fixed period of the prior to the commencement of said interval. In the absence of such exercise, other owners of vacation club rights in the Haciendas del Mar, Vacation Club Regime and owners of timeshare or vacation club rights in resorts throughout the world affiliated to the Hyatt Vacation Club, may use the unit to with this vacation right pertains during the above described interval on a first come, first come, first serve reservation basis, and the owner of this vacation club right may use units of this Vacation Club Regime and in such other affiliated resorts, as more fully described in the Deed of Dedication of Hacienda del Mar, a Vacation Club Regime to the vacation club regime. This vacation club right has been assigned a share of 1/52 of 1.2575% in the Facilities and common expenses of the vacation club regime
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