This auction arises from unpaid homeowner association maintenance fees totaling $9,378.84 for a timeshare unit at Hacienda del Mar Vacation Club in Vega Alta. The plaintiff HOA is collecting on delinquent assessments against the defendant owners. The property is a vacation club right granting use of Unit A-406 during week 46 of each year through 2070, coupled with Hyatt Vacation Club membership. The right carries a 1/52 share of 2.63132% in common facilities and expenses. Investors should verify whether the HOA lien has priority over any existing mortgages or other recorded encumbrances on the timeshare interest. The auction requires payment by cash, manager's check, or bank letter with similar guarantee at the time of sale, and bidders accept the property title as sufficient along with any prior or preferred liens that will survive the sale.
CONDOMINIO CLUB VACACIONAL HACIENDA DEL MAR de Vega Alta. Apartamento Multivacacional: A 406 · Puerto Rico
Propiedad Multivacacional: WEEK 46. This specific vacation club right is coupled with a special property right to the above mentioned Unit A-406 and includes the right to use such unit during the 46 week of each year until December 31, of the year 2070, such week commencing at 12:00 noon on the 46 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 a right to use a specific week in Unit A406, 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 time 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 other 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 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 Haciendas del Mar, Vacation Club Regime to the vacation club regime. This vacation club right has been assigned a share of 1/52 of 2.63132% in the facilities and common expenses of the vacation club regime
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