Fannie Mae asks $137,000 for Toa Baja house it took for $165,000
Fannie Mae took title to a house in Sabana Seca, Toa Baja, for $165,000 on May 20, 2026. By August 12 it had the house up for sale at $141,900, and on September 29 it cut the ask to $137,000, $28,000 under the deed. Its listing calls the house a reverse-mortgage property.
The house is one of 11 properties in 11 Puerto Rico towns that Fannie Mae took on sale deeds between May 20 and August 7, for $1,717,074.51 in all. Fannie Mae also has three of the others up for sale.
Apartment 10F in the Saint Tropez condominium at 6267 Avenida Isla Verde, Carolina came to Fannie Mae at $235,000 on June 11 and has been offered at $173,000 since August 19, $62,000 less. An apartment at Condominio San Francisco Javier, 50 Calle San Jose, Guaynabo, deeded to it for $190,000 on August 7, went up for sale on October 10 at $191,000. A property in Río Abajo, Humacao, deeded to it for $45,500 on May 20, was listed at $50,000 on September 4 and has been offered at $44,900 since October 6.
Four of the 11 came out of foreclosure sales, and a fifth came from the company that bought one of those four at auction. The Carolina apartment was sold at a foreclosure auction for $235,000 on June 10, and the company that bought it there passed it to Fannie Mae at the same price the next day. That company also handed Fannie Mae the Guaynabo apartment, one day after an assignment of it to Fannie Mae was recorded under the same deed number.
The Humacao deed shares its day, price and deed number with a foreclosure sale of the property to Fannie Mae, as does the $240,000 deed of July 10 for a unit at 201 Calle 10, Río Grande. A property in Dajaos, Bayamón went the same way for $65,000: its June 30 deed shares its number and price with a foreclosure sale to Fannie Mae recorded on July 31.
The Toa Baja house came from an individual owner, as did five others: a property in Barrio Pueblo, Guayama, at $40,991.51 on June 10, one in Húcares, Naguabo, at $68,600 on June 12, and three in San Juan, Gurabo and Ponce in July. No foreclosure sale is recorded under any of their deed numbers, and no sale listing has appeared for the Río Grande, Bayamón, Guayama or Naguabo properties.
Fannie Mae was the seller on 66 sale deeds in the last quarter of 2024 and on eight in the second quarter of 2026, a quarter in which it took 11, the only one since late 2024 in which it took more than it sold. In the third quarter, whose deeds are still being recorded, it sold 10 and took seven. All sale deeds recorded on the island fell by about a fifth between the last quarter of 2024 and the second quarter of 2026, from 11,444 to 8,943.
