Details
Status: ACTIVE
Mortgage Foreclosure
Legal Description
UNIT 1856, BUILDING B, AND THE SPACE ENCOMPASSED BY BOUNDARIES THEREOF, KNOWN AS SIGNAL RIDGE CONDOMINIUM, PHASE IV, A CONDOMINIUM PROJECT IN THE CITY OF ROCKWALL, ROCKWALL COUNTY, TEXAS, ACCORDING TO THE CONDOMINIUM, DECLARATION OF SIGNAL RIDGE CONDOMINIUM, PHASE IV, DATED MARCH 03, 1997 ESTABLISHING A REGIME THEREOF AND, RECORDED IN VOLUME 1231, PAGE 18, AND THE ANNEXATION DECLARATION FOR SIGNAL RIDGE PHASE IV CONDOMINIUM FILED, DECEMBER 22, 1997 AS RECORDED IN VOLUME 1311, PAGE 204, REAL ESTATE RECORDS, ROCKWALL COUNTY, TEXAS, AND THE, PLAT THEREOF BEING RECORDED IN CABINET B, SLIDES 91 AND 92 PLAT RECORDS, ROCKWALL COUNTY, TEXAS
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Additional info
Appraised Value:
Year Built:
Lien Amount: $143,000
Improvement Area: sq.ft.
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Foreclosure Notice*
NOTICE OF FORECLOSURE SALE
Deed of Trust:
Dated:
Trustee:
Lender:
Loan Servicer:
Recorded:
Secures:
Maturity Date:
Legal Description:
FORECLOSURE SALE:
December 20, 2023
Chris Ferguson, managing attorney of Jack O’Boyle and
Associates, a professional limited liability company
Capital Fund I, LLC, an Arizona limited liability company
Capital Fund I, LLC, an Arizona limited liability company
Instrument # 20230000021559, recorded on December 21, 2023,
in the official Real Property (Deed) Records of ROCKWALL
COUNTY, Texas
Promissory Note (“Note”) in the original principal amount of
$143,000.00, executed by ALLEN ROSSUM (“Borrower”) and
payable to the order of Lender
December 1, 2024
UNIT 1856, BUILDING B, AND THE SPACE
ENCOMPASSED BY BOUNDARIES THEREOF, KNOWN
AS SIGNAL RIDGE CONDOMINIUM, PHASE IV, A
CONDOMINIUM PROJECT IN THE CITY OF
ROCKWALL, ROCKWALL COUNTY, TEXAS,
ACCORDING TO THE CONDOMINIUM, DECLARATION
OF SIGNAL RIDGE CONDOMINIUM, PHASE IV, DATED
MARCH 03, 1997 ESTABLISHING A REGIME THEREOF
AND, RECORDED IN VOLUME 1231, PAGE 18, AND THE
ANNEXATION DECLARATION FOR SIGNAL RIDGE
PHASE IV CONDOMINIUM FILED, DECEMBER 22, 1997
AS RECORDED IN VOLUME 1311, PAGE 204, REAL
ESTATE RECORDS, ROCKWALL COUNTY, TEXAS, AND
THE, PLAT THEREOF BEING RECORDED IN CABINET
B, SLIDES 91 AND 92 PLAT RECORDS, ROCKWALL
COUNTY, TEXAS; and more commonly known as 1856
SIGNAL RIDGE PL., ROCKWALL, TX 75032
The sale of the Property will be held between the hours of 10:00
a.m. and 1:00 p.m. local time; the earliest time at which the
Foreclosure Sale will begin is 10200)alm. and not later than three
hours thereafter.
THE AREA IMMEDIATELY OUTSIDE ON THE FRONT
STEPS OF THE
NOTICE OF FORECLOSURE SALE Mt Mil Hy tO PAGE 1 OF3
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LOCATED AT IIIl YELLOWJACKET LANE IN
ROCKWALL, ROCKWALL COUNTY, TEXAS, OR IF THE
PRECEDING AREA IS NO LONGER THE DESIGNATED
AREA, AT THE AREA MOST RECENTLY DESIGNATED BY
THE COUNTY COMMISSIONERS COURT
Terms of Sale: The Foreclosure Sale will be conducted as a public auction and the
Property will be sold to the highest bidder for cash, except that
Lender’s or Loan Servicer’s bid may be by credit against the
indebtedness secured by the lien of the Deed of Trust.
Substitute Trustee: | Bennett M. Wyse, Ted Gambordella, Jeff Benton, Brandy Bacon,
Jack Beckman, Brenda Wiggs, Guy Wiggs, David Stockman,
Donna Stockman, Janet Pinder, Michelle Schwartz, Jamie
Dworsky, Angela Brown, Leslie Shuler, Bonny Mounger,
AND/OR Robin Shelton
Default has occurred in the payment of the Note and in the performance of the
obligations of the Deed of Trust. Because of that default, Lender, the owner and holder of the
Note, or its Loan Servicer, has requested Substitute Trustee to sell the Property.
The Deed of Trust may encumber both real and personal property. Formal notice is
hereby given of Lender’s, or Loan Servicer’s election to proceed against and sell both the real
property and any personal property described in the Deed of Trust in accordance with Lender’s
rights and remedies under the Deed of Trust and section 9.604(a) of the Texas 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 of Trust, and applicable Texas law.
If Lender or Loan Servicer passes the Foreclosure Sale, then notice of the date of any
rescheduled foreclosure sale will be reposted and refiled in accordance with the posting and
filing requirements of the Deed of Trust 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 all prior matters of record affecting the Property, if any, to the
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 of public record from the lien and/or security interest of the Deed of Trust by
Lender, or Loan Servicer. Prospective bidders are strongly urged to examine the applicable
property records to determine the nature and extent of such matters, if any.
Pursuant to section 51.009 of the Texas Property Code, the Property will be sold “AS IS,”
without any expressed or implied warranties, except as to the warranties (if any) provided for
NOTICE OF FORECLOSURE SALE PAGE 2 OF 3
under the Deed of Trust. Prospective bidders are advised to conduct an independent
investigation of the nature and physical condition of the Property.
Pursuant to section 51.0075(a) of the 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.
THIS INSTRUMENT APPOINTS THE SUBSTITUTE TRUSTEE(S) IDENTIFIED
HEREIN TO SELL THE PROPERTY DESCRIBED IN THE SECURITY INSTRUMENT
IDENTIFIED IN THIS NOTICE OF SALE. THE PERSON SIGNING THIS NOTICE IS
THE ATTORNEY, SUBSTITUTE TRUSTEE, OR OTHER AUTHORIZED AGENT OF
THE MORTGAGEE OR LOAN SERVICER.
SUBSTITUTE TRUSTEE:
aD
By: ae
Ted Gambordella, Substitute Trustee
5910 N Central Expy, Suite 920
Dallas, Texas 75206
Tel. (214) 473-5551
Fax. (214) 540-9333
Tgambordella@prattaycock.com
NOTICE OF FORECLOSURE SALE PAGE 3 OF 3