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Magistrate Judge Finds Borrowers Defaulted On Loan, Grants Judgment For Lender

Mealey's (August 30, 2016, 1:05 PM EDT) -- SAN JUAN, Puerto Rico — After finding that borrowers failed to meet the payment obligations of their mortgage, a Puerto Rico federal magistrate judge on Aug. 25 granted summary judgment in favor of an asset company on its claims related to foreclosure of the property (Roosevelt Cayman Asset Company v. Jorge Luis Oquendo-Robles, et al., No. 15-1268, D. Puerto Rico; 2016 U.S. Dist. LEXIS 115118).

(Opinion available. Document #85-160913-009Z.)


Jorge Luis Oquendo-Robles and Gladys Hernandez obtained a mortgage from Doral Bank in July 2011. As...
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