U.S. v. ONE URBAN LOT LOCATED AT 1 STREET A-1

Nos. 88-1071, 88-1193 and 88-1194.

865 F.2d 427 (1989)

UNITED STATES of America, Plaintiff, Appellee, v. ONE URBAN LOT LOCATED AT 1 STREET A-1, VALPARAISO, BAYAMON, PUERTO RICO, etc., et al., Defendants, Appellees. R.G. Mortgage Corp., Claimant, Appellant.

United States Court of Appeals, First Circuit.

Decided January 10, 1989.


Attorney(s) appearing for the Case

Antonio M. Bird, Jr., with whom Bird & Bird, San Juan, was on brief, for claimant, appellant.

Miguel A. Fernandez, Asst. U.S. Atty., with whom Daniel F. Lopez-Romo, U.S. Atty., Hato Rey, P.R., was on brief, for plaintiff, appellee.

Before CAMPBELL, Chief Judge, TORRUELLA, Circuit Judge, and ATKINS, Senior District Judge.


TORRUELLA, Circuit Judge.

In 1981 Angel and Elena Cartagena (the "Cartagenas") purchased a residence in the Valparaiso development in Bayamon, Puerto Rico, assisted by a $67,000, 30 year loan from claimant-appellant R.G. Mortgage Corp. ("R.G."). The residence was encumbered by a mortgage. It was recorded as a first mortgage on the property in the Registry of the Property of Puerto Rico, Second Section of Bayamon. The mortgage was secured by a guarantee issued by the...

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