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FEDERAL DEPOSIT INS. CORP. v. URBANIZADORA ALTOMAR, INC.

Civ. No. 86-0783(RLA).

716 F.Supp. 701 (1989)

FEDERAL DEPOSIT INSURANCE CORPORATION, Plaintiff, v. URBANIZADORA ALTOMAR, INC., et al., Defendants.

United States District Court, D. Puerto Rico.

June 21, 1989.

Attorney(s) appearing for the Case

Gabriel Hernández Rivera, Feldstein, Gelpi, Hernández & Gotay, Old San Juan, P.R., for plaintiff.

Russell A. Del Toro, Del Toro & Santana, Hato Rey, P.R., Lydia Lizarribar Masini, Santurce, P.R., and Frank Inserni, Hato Rey, P.R., for defendants.

OPINION AND ORDER

ACOSTA, District Judge.

The Federal Deposit Insurance Corporation ("FDIC") in its corporate capacity and pursuant to 12 U.S.C. § 1811 et seq. filed its complaint in this case on May 21, 1986 seeking to foreclose various mortgages issued by the now defunct Banco Crédito y Ahorro Ponceño (Banco Crédito). The original named defendants were Urbanizadora Altomar, Inc., as judgment debtor, and Julio Aurelio Amoedo, as owner...

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