Foreclosure Notice - 7740 Preston Rd, Frisco, 75034 - 09/01/2026
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Address
Auction Date
Foreclosure
Appraised
Year Built
Lien
Sq. Ft.
Prop Type
Address
Foreclosure
Year Built
Prop Type
7740 Preston Rd
09/01/2026
mortgage
$3,346,476
2005
$29,100,000
7,604
Residential R (F1)
7740 Preston Rd
mortgage
2005
Residential R (F1)
For a full list of foreclosure notices please visit the foreclosure listing page
Details
Status:  ACTIVE
Mortgage Foreclosure
Legal Description
AUTOSPLASH CAR CARE CENTER ADDITION (CFR), BLK 1, LOT 1
Links
Additional info
Appraised Value:  $3,346,476
Year Built:  2005
Lien Amount:   $29,100,000
Improvement Area:  7,604 sq.ft.
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Foreclosure Notice*
y A.:4aet9.' Notice ofForeclosure Sale 2026 AUG I I 4 10: 52 STACEY KEMP August 7, 2026 COUNTY CLERK COLL • COUNTY.TEXAS Deed ofTrust, Security Agreement- Financing Statement(" Deed ofTrust') Ely; , ,, DEPUTY VP Dated: February 25, 2022 Grantor: WASHGUYS 12, 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 of Collin County, Texas under Instrument No. 20220301000330970 as corrected by Correction Deed of Trust executed by Washguys 12, LLC dated February 25, 2022, and recorded in the Official Public Records, Collin County, Texas as Instrument No. 2022000166172 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 inthe 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 inand mortgaged intheDeed 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, SanthoshN. Kumar and SK Ganesh Group LLC in favor ofLender. Substitute Trustee: Any ofMark 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 12, LLC( Collin County) Page 1 of4Time The sale ofthe Property will beheld between thehours of10:00a.m. and 4:00 p.m. local time; the earliest time at which the Foreclosure Sale will begin is 10:00 a.m. and not later than three hours thereafter. Place: The front steps of the Collin County Courthouse located at 2100 Bloomdale Road, McKinney, Texas 75071, Collin County, Texas; or in 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 will be 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 and inthe performance 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 propertydescribedinthe DeedofTrustinaccordancewithLender'srights andremediesunderthe Deed ofTrust and section 9.604(a) ofthe Texas Business and Commerce Code. Therefore,notice is giventhaton and attheDate,Time,andPlace fortheForeclosure 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 of any rescheduled foreclosure sale will be reposted and refiled in accordance with the 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 bemade subject to allprior matters ofrecord affecting the Property, ifany, tothe extent thatthey remain in force and effect andhave not been subordinated to the Deed ofTrust. Forthe avoidance ofdoubt, the Foreclosure Sale will not cover any part ofthe Property that has been released ofpublic record from the lien and/or security interest ofthe Deed of Trust by Lender. Prospective bidders are strongly urgedto examine the applicable property records to determine the nature and extent ofsuch matters, ifany. Pursuant to section 51. 009 ofthe 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 under the Deed ofTrust, and at purchaser' s own risk. Prospective bidders are advised to conduct an independent investigation ofthe nature and physical condition ofthe Property. Notice ofForeclosure Sale— Washguys 12, 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 protectyour 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 ofareserve component ofthe armed forces ofthe United States, please send written notice ofthe active duty military service to the sender ofthis notice immediately. Substitute Trustee:: Any o ar Zachary, ssica Haile, Rache: RickelandLauren oursey Notice ofForeclosure Sale— Washguys 12, LLC( Collin County) Page 3 of4Exhibit" A" Tract 1: Lot 1, Block 1 ofAUTOSPLASH CAR CARECENTER ADDITION, an Addition to the City of Frisco, Collin County, Texas, according to the map or plat thereof recorded in Volume R, Page 188, Map Records, CollinCounty,Texas. Tract 2: Non-Exclusive Easement Estate created in Easement Agreement between Regency Centers, L.P., a Delaware limited partnership and ACCC Investments, L.P., a Texas limited partnership, dated May 13, 2005, filed on June 15, 2005 and recorded in Volume 5940, Page 1305, Real Property Records, Collin County, Texas. Notice ofForeclosure Sale— Washguys 12, LLC( Collin County) Page 4 of4
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