3701 ASHBURY LN

BEDFORD ESTATES ADDITION Block 11 Lot 3

NOTICE OF DEFAULT AND FORECLOSURE SALE WHEREAS, on February 6, 2015, a certain Adjustable Rate Home Equity Conversion Deed of Trust (“Reverse Mortgage”) was executed by VALENIA OLSON MERTON, as mortgagor in favor of MORTGAGE ELECTRONIC REGISTRATION SYSTEMS, INC., AS BENEFICIARY, AS NOMINEE FOR AMERICAN ADVISORS GROUP, ITS SUCCESSORS AND ASSIGNS, as mortgagee and REBECCA S. CONRAD ESQ..,.as trustee, and was recorded on February: 13, 2015 under Clerk's Instrument Number D215030342 in the real property records of Tarrant County, Texas. WHEREAS, the Reverse Mortgage was insured by the United States Secretary of Housing and Urban Development (the “Secretary”) pursuant to the National Housing Act for the purpose of providing single _ family housing; and :






















WHEREAS, the beneficial interest in the Reverse Mortgage is now owned by the Secrefa an assignment dated November 4, 2020, and recorded on November 13; 2020, underClerk Number D220297731 in the real property records of Tarrant County, Texas; and WHEREAS, a default has been made in the covenants and conditions of the Senos de in fhgtthe ~ Mortgagors are now deceased; and - WHEREAS, by virtue of the default, the Secretary has. declared theé the ittjebtedness a “fortgage Foreclosure Act of e Secretary’s designation of me as punty under Clerk's File Number Y COUNTY, TEXAS, ACCORDING TO [E 388-112, PAGE 88, DEED RECORDS, ounty, Texas at the following location: WEST SIDE OF THE AT COUNTY COURTHOUSE OR AS DESIGNATED BY THE COUNTY or as designated by the County Commissioners Court. 4 of tyforeclosure sale. gn making their bids, all bidders except the Secretary must submit a deposit totaling $40,676.71 in the prin of a certified check or cashier’s check made out to the Secretary of HUD. A deposit need not “accomparty each oral bid. If the successful bid is oral, a deposit of $40,676.71 must be presented before the bidding is closéd. The deposit is nonrefundable. The remainder of the purchase price must be delivered within 30 days of the sale or at such other time as the Secretary may determine for good cause shown, time being of the essence. This amount, like the bid deposits, must be delivered in the form of a certified or cashier’s check. If the Secretary is the highest bidder, he need not pay the bid amount in cash, The successful bidder will pay all conveying fees, all real estate and’other taxes that are due on or after the delivery date of the remainder of the payment and all other costs associated with the transfer of title. At the conclusion of the sale, the deposits of the unsuccessful bidders will be returned to them. The Secretary may grant an extension of time within which to deliver the remainder of the payment. All extensions-will be for 15-day increments for a fee of $500.00, paid.in advance. The extension fee shall be in the form of a certified or cashier’s check made payable to the Secretary of HUD. If the high bidder closes the sale prior to the expiration of any extension Period, the unused portion of the extension fee shall be applied toward the amount due. FILED NOV 0 6 2025 aa v__-——
24-9100062-430-2  P225011675 Hf the high bidder is unable to close the sale within the required period, or within any extension of time granted by the Secretary, the high bidder may be required to forfeit the cash deposit or, at the election of the foreclosure commissioner after consultation with the HUD representative, will be liable to HUD for any costs incurred as a result of such failure. The Commissioner may, at the direction of the HUD representative, offer the Property to the second highest bidder for an amount equal to the highest price offered by that bidder. There is no right of redemption, or right of possession based upona right of redemption, in the mortgagor or others subsequent to a foreclosure completed pursuant to the Act. Therefore, the Foreclosure Commissioner will issue a Deed to the purchaser(s) upon receipt of the entire purchase price in accordance with the terms of the sale as provided herein. HUD does not guarantee that the ° props y will be vacant.



The scheduled foreclosure sale shall be cancelled or adjourned if it is-established, by dog tendered to the Foreclosure Commissioner, i in the form of a certified or cashieX<s Secretary of HUD, before public auction of the property is completed. reinstatement.







Tender of payment by certified or cashier’: or application for cancellation of the foreclosure sale shall be submitted to the address of the e ommissioner provided below. Date: November 5, 2025, L. Keller Mackie Foreclosure Commissioner, FILED “NOV 06 2025 gna 24-000062-430-2 Page 2 of 2

Bed, Bath, Estimated value: $581,789 Avg ($/sqft: 216, 4 Bed , 3 Bath) # listed: 24