According to the Office of the Commissioner of Financial Institutions (OCIF) the following are REO* by type of property in Puerto Rico as of June 2018:
Residential Properties: 4,191 properties for a total Book Value of $355,200,444.
Commercial Properties: 495 properties for a total Book Value of $103,772,719.
Land: 294 properties for a total Book Value of $28,533,400.
Totals: Properties: 4,971. Total Book Value: $487,610,270.
*Real estate owned or REO is a term used to describe property owned by a lender—typically a bank, government agency, or government loan insurer—after an unsuccessful sale at a foreclosure auction.
