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
Timeshare vacation club right for Unit B-512, Week 19, at Hacienda del Mar Vacation Club Condominium in Vega Alta. The right includes use of the unit during the 19th week of each year until December 31, 2070, from 12:00 noon Saturday to 12:00 noon the following Saturday, with Hyatt Vacation Club membership and exchange privileges. The unit measures 101.42 square meters. The vacation club right carries a 1/52 share of 1.2575% in common facilities and expenses.
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