Puerto Rico Foreclosures - 5,542 Foreclosure Listings

Foreclosure Homes in Puerto Rico

There are currently foreclosed homes listed in Puerto Rico. Why should you consider buying a foreclosure property in Puerto Rico? To save money, of course! That’s right, purchasing a foreclosed home can save you as much as 50 percent or more on the final sale price of a distressed deal in Puerto Rico when compared to a traditional single-family house. We’ve also got awesome deals on top of incredible foreclosure deals, from rent-to-own homes, short sales and preforeclosures in Puerto Rico, as well as bankruptcy filings and government-owned foreclosure listings such as HUD, Fannie Mae and Freddie Mac, among others. Just select the county in Puerto Rico that you want to look for a property below. Then search through all distressed real estate listings in Puerto Rico for the amazing deal that’s right for you.

Puerto Rico Foreclosure Laws

Puerto Rico primarily uses judicial foreclosure involving mortgage. uses civil-law mortgage instruments only.. Typical timelines run 9-18+ months. 90 days for nonjudicial foreclosures, and for judicial foreclosures, it's often 3 months Deficiency judgments permitted

Foreclosure Type Process

Judicial
Mortgage Instrument Security Type

Mortgage. Uses civil-law mortgage instruments only.
Typical Timeline Duration

9-18+ months
Deficiency Judgment

Deficiency judgments permitted
Redemption Period Owner Rights

90 days for nonjudicial foreclosures, and for judicial foreclosures, it's often 3 months
Process Summary

Puerto Rico requires judicial foreclosure. The process follows civil law procedures and typically moves through the court system.
Notice / Timing Statute

Puerto Rico Laws Title 30, § 2221 et seq. (judicial foreclosure process)
Redemption Statute(s)

Puerto Rico Laws Title 30, § 2225 (redemption available before sale only)
Deficiency Statute(s)

Puerto Rico Laws Title 30, § 2227 (deficiency allowed; borrower liable for remaining balance)

How to Buy a Foreclosure in Puerto Rico

To buy a foreclosure in Puerto Rico, review public auction notices, MLS listings, and court records. Foreclosures are judicial; understand local law timelines and redemption rights. Secure financing or proof of funds ahead of sale. Conduct title due diligence and property assessments. Attend the auction and complete transfer in accordance with Puerto Rico statutes.

What type of foreclosure is used in Puerto Rico?

The type of foreclosure in Puerto Rico is Judicial

Is there a redemption period in Puerto Rico?

90 days for nonjudicial foreclosures, and for judicial foreclosures, it's often 3 months

Are deficiency judgments allowed in Puerto Rico?

Deficiency judgments permitted in Puerto Rico

How do you buy a foreclosure in Puerto Rico?

To buy a foreclosure in Puerto Rico, review public auction notices, MLS listings, and court records.