Foreclosure Notice - 17931 Preston Rd, Dallas, 75252 - 09/01/2026
The properties may be occupied; do not disturb the occupants.
Address
Auction Date
Foreclosure
Appraised
Year Built
Lien
Sq. Ft.
Prop Type
Address
Foreclosure
Year Built
Prop Type
17931 Preston Rd
09/01/2026
mortgage
$61,341
0
$18,000,000
0
Residential P ()
17931 Preston Rd
mortgage
0
Residential P ()
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Details
Status:  ACTIVE
Mortgage Foreclosure
Legal Description
BPP AT 17931 PRESTON RD
Links
Additional info
Appraised Value:  $61,341
Year Built:  0
Lien Amount:   $18,000,000
Improvement Area:  0 sq.ft.
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Foreclosure Notice*
2026 AUG I I Ail 10: 5 Notice ofForeclosure Sale STACEY KEMP August 7, 2026 COLLOUCTYCLERKXQS Deed of Trust, Security Agreement- Financing Statement(" Deed of Trust"): BY: „ DEPUTY r Dated: February 23, 2022 Grantor: WASHGUYS 8, LLC Trustee: Marcus Morris Lender: First Financial Bank, a Texas state banking association, successor- in-interest to First Financial Bank, N.A. Recorded in: Official Public Records ofCollinCounty, Texas under Instrument No. 20220225000310030 Secures Promissory Notes (" Notes") in the original principal amount of 18,000,000.00 and $ 11, 100,000.00, executed by Grantor and payable to the order of Lender and all other indebtedness, obligations and liabilities ofBorrower to Lender as described in the Deed ofTrust. As used herein, the terms Notes and Deed ofTrust include all extensions, modifications and amendments thereof. Property (the " Property"): The real property, improvements and other property interests and rights described in and mortgaged in the Deed ofTrust( collectively defined therein as the " Property"), including without limitation the real property described in the attached Exhibit" A", and all rights and appurtenances thereto Guaranty: The Notes and all other indebtedness of Borrower to Lender are guaranteed by guaranties executed by John C. Pappas, Santhosh N. Kumar and SK Ganesh Group LLC in favor ofLender. Substitute Trustee: Any of Mark S. Zachary, Jessica Haile, Rachel Rickel and Lauren Coursey Street and Mailing Address for Substitute Trustees: 400 Pine Street, Suite 800, Abilene, Texas 79601 Foreclosure Sale: Date: September 1, 2026 Notice ofForeclosure Sale— Washguys 8, LLC( Collin County) Page 1 of 4Time: The sale ofthe Property will beheld between thehours of 10:00 a.m. and 4:00 p.m. local time; the earliest time at which the Foreclosure Sale will begin is 10:00 a.m. and notlaterthan three hours thereafter. Place: The front steps of the Collin County Courthouse located at 2100 Bloomdale Road, McKinney, Texas 75071, Collin County, Texas; orin such other area as designated by the Commissioner' s Court of Collin County, Texas pursuant to Section 51.002 of the Texas Property Code. Terms ofSale: The Foreclosure Sale willbe conducted as a public auction and the Property will be sold to the highest bidder for cash, except that Lender' s bid may be by credit against the indebtedness secured by the lien ofthe Deed ofTrust. Default has occurred inthe payment oftheNotes andintheperformance ofthe obligations of the Deed of Trust. Because of that default, Lender, the owner and holder of the Notes, has requested Substitute Trustee to sell the Property. The Deed ofTrust may encumber both real and personal property. Formal notice is hereby given of Lender' s election to proceed against and sell both the real property and any personal property described inthe Deed ofTrust in accordance with Lender' srights and remedies under the Deed ofTrust and section 9.604(a) oftheTexas Business and Commerce Code. Therefore, notice is given that on and at the Date, Time, and Place for the Foreclosure Sale described above, Substitute Trustee will sell the Property in accordance with the Terms of Sale described above, the Deed ofTrust, and applicable Texas law. If Lender passes the Foreclosure Sale, notice ofthe date ofany rescheduled foreclosure sale will bereposted andrailed inaccordance withthe posting and filing requirements ofthe Deed ofTrust and the Texas Property Code. The Foreclosure Sale will be made expressly subject to any title matters set forth in the Deed of Trust, but prospective bidders are reminded that by law the Foreclosure Sale will necessarily be made subject to allprior matters ofrecord affecting the Property, ifany, tothe extent that they remain in force and effect and have not been subordinated to the Deed of Trust. For the avoidance of doubt, the Foreclosure Sale will not cover any part of the Property that has been released ofpublic record from the lien and/or security interest ofthe Deed ofTrust by Lender. Prospective bidders are strongly urged to examinetheapplicable property records to determine the nature and extent ofsuch matters, ifany. Pursuantto section 51.009 oftheTexasProperty Code,the Propertywillbe sold" AS IS," without any expressed or implied warranties, except as to the warranties ( if any) provided for under the Deed of Trust, and at purchaser' s own risk. Prospective bidders are advised to conduct an independent investigation ofthenature and physical condition ofthe Property. Notice ofForeclosure Sale— Washguys 8, LLC( Collin County) Page 2 of4Pursuant to section 51.0075( a) ofthe Texas Property Code, Substitute Trustee reserves the right to set further reasonable conditions for conducting the Foreclosure Sale. Any such further conditions shall be announced before bidding is opened for the first sale of the day held by Substitute Trustee. Assert and protect your rights as a member ofthe armed forces ofthe United States. Ifyou are oryour spouse is serving on active military duty, including active military duty as a member of the Texas National Guard or the National Guard of another state or as a member ofareservecomponentofthearmed forces oftheUnited States, pleasesendwritten notice ofthe active duty military service to the sender ofthis notice immediately. Substitute Trustee: An Mar , S ;Zachary Jessica Haile, Rach Rickeland Laure `Coursey Notice ofForeclosure Sale— Washguys 8, LLC( Collin County) Page 3 of4Exhibit" A" Tract 1:( also known asCollin CAD Property IDNo.2112865) BEING a tractoflandsituated inthe COLLIN COUNTY SCHOOL LAND SURVEYABSTRACT NO. 169, Collin County, Texas, and being all of Lot 9A, BLOCK V/8730, of AMERICA'S SERVICE STATION ADDITION,, an addition to the Cityof Dallas as recorded in Volume " L", Page 686, ofthe Map Records ofCollin County, Texas( MRCCT) and beingmore particularly described asfollows: BEGINNING at a 1/ 2 inch iron rod foundforthemost Southeasterly corner ofLot5, BlockV/8730 of Custom Stereo Addition, anaddition to theCity ofDallas as recorded inCabinet L,Page 667, said point alsobeing intheNorthwesterly Right ofWay lineofPreston Road( 120' ROW); THENCESouth21 degrees39minutes00secondsWestadistanceof109.96feettoaPKNailfoundfor the most Southeasterly corner ofsaid Lot 9A; THENCE: departing the Northwesterly ROW line ofsaid Preston Road South 89 degrees 18 minutes 48 seconds West adistance of345.46 feet to a 1/2 inch capped iron rod found for the most Southwesterly corner ofsaid Lot 9A, said point being in theEasterly line ofLot 1, BlockV/8730 ofSummer Villas: Addition,anaddition totheCityofDallasasrecordedinCabinetL,Page 554; THENCENorth 00 degrees 47minutes 44 seconds West adistance of182.78 feet toa 1/2 inch,capped ironrodfoundforthemostNorthwesterly cornerofsaidLot9A; THENCE North 89 degrees 17 minutes 17 seconds East adistance of 189.94 feet to a 5/8 inch iron rod foundforcorner; THENCE South 68 degrees 21 minutes 46 seconds East a distance of213.67 feet to the POINT OF BEGINNING, containing within these metes and bounds 1.393 acresor:60,693 square feetofland, more or less. Tract lb(Easement): Easement Estate created in Easement Agreement;:dated_April.19, 1994, by and between McCutchin Brothers Joint Venture No.2,aTexas joint venture, aidRetail Buildings, Inc., anOklahoma corporation, filed for record April 22, 1994 and recorded under Document No. 1994000039264, Official Public Records ofCollin County, Texas. Tract 1c( Easement): Easement Estate created in Easement Agreement dated March 31. 1995, by and between McCutchin Brothers Joint Venture No. 2, a Texas joint venture and Ponberg Investment Corporation, a Texas corporation, filed for record May 4, 1995 and recorded inDocument No. 199500039264, Real Property Records; Collin County, Texas. Tract Id:(Easement): Easement Estatecreated inUtility and Mutual AccessEasementAgreement datedMarch31, 2000byand between Summit Investment Group, Inc., aTexas corporation, and S& E Real Estate Partnership 1 Ltd., filed for record April 5, 2000 andrecorded in Volume 4640, Page<3.203, later corrected and reified for record inVolume 4665, Page 931, Official Public Records ofCollin County,Texas Notice ofForeclosure Sale— Washguys 8, LLC( Collin County) Page 4 of4
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