San Juan · San Gerardo

This is a foreclosure sale of a residential property in the Cupey area of San Juan by Banco Popular de Puerto Rico against the estates of two deceased borrowers. The original FHA-insured mortgage was $180,000 at 7% annual interest, executed in 2005. The balance due is $474,583.66 plus accruing interest, fees, and $18,000 in attorney's fees. A second mortgage to the U.S. Department of Housing and Urban Development also encumbers the property and will survive the sale. Title study shows no prior liens, but the HUD mortgage and a litigation notice are recorded as junior encumbrances. Buyers should verify estate status, occupancy, condition, and whether the HUD lien must be assumed or satisfied. The property will sell free of junior liens but subject to the preferred HUD mortgage.