Lender that resold seven foreclosures takes three more for $483,000
Carrington Mortgage Services LLC took back three properties at court-ordered foreclosure sales between August 3 and October 27, 2026, paying a combined $483,000. The seven properties it took at foreclosure auctions between April 2025 and March 2026 have all been resold, between 35 and 143 days after the auction.
Sold within months, near the bid
The resale prices mostly stayed close to what the company had bid. A house in Jardines de Río Grande, taken for $128,241 in May 2025, sold 93 days later for $130,500. A house in Yauco went for $146,798 at auction and resold 77 days later for $135,000. In Alturas de San Pedro, Fajardo, a house taken for $105,199 in March 2026 sold 83 days later for $119,700.
The one wide gap came in Cayey: a house in Mansiones de los Cedros, taken for $209,025 in July 2025, resold 65 days later for $258,000. Five others landed within $15,000 of the auction price. The seventh, a house in Juana Díaz taken in February 2026, changed hands again 35 days later for $290,000. In all, the company has been the seller on 16 recorded sales in the past two years.
The three latest
On August 3 the company paid $88,000 for a house at 55 Calle Luis Muñoz Rivera, Barrio Pueblo, Carolina. It had last sold in 2007, for $85,000, and a $120,000 mortgage on it was recorded in 2016.
On August 10 it paid $80,000 for 119 Calle Emilio Buitrago, Hato, San Lorenzo, which carried a $147,000 mortgage recorded in 2016; a notice of lawsuit over it was entered in the Property Registry on May 23, 2025.
On October 27 it paid $315,000 for unit I31, a house in Urbanización el Conquistador, Avenida Hernan Cortes, Carraízo, Trujillo Alto. It had last sold in 1986, for $12,000, and a notice of lawsuit over it was entered on October 31, 2023.
Of the 42 court-ordered sales recorded in Puerto Rico between August 3 and October 27, one other buyer took four and none took more than the company's three.
Two more properties passed to the company in September in deeds recorded as sales from their owners: Unit 43, Rabanal, Cidra, for $248,000 on September 3, and Apartment 1702, Carretera 838 Km 2.7, Caimito, San Juan, for $440,000 on September 18. With them, the company took title to five properties for $1,171,000 between August 3 and October 27.
