RES B BLK 1 KARAM PLAZA SOUTHLOOP
Bedrooms
Bathrooms
Sq Ft
Year Built
TENESHIA HUDSPETH, COUNTY CLERK, HARRIS COUNTY, TEXAS FRCL-2025-4852 FILED 7/1/2025 2:56:56 PM Notice of Foreclosure Sale July 1, 2025 Deed of Trust, Security Agreement and Financing Statement / Deed of Trust not Dated: Grantor: Trustee: Lender: Recorded in: Legal Description: Property Address: Secures: Substitute Trustee: Substitute Trustee’s Address: Foreclosure Sale: Date: Time: December 21, 2022 KARAM WG 610 LLC, a Texas limited liability company Todd Lucas Texas Dow Employees Credit Union, its successors and assigns Clerk’s File Number RP-2022-598808 of the real prop of Harris County, Texas See Exhibit “A,” attached hereto and ea of for all purposes intended. 7903 S. Loop E., Houston, 77012
of Trust (“Note”) in the original by Jerome M. Karam (collectively referred to as larantor’’) pri ; LG, a Texas limited’liability company, and all other persons and enti signi ¢ Note in whatever capacity (“Borrower”) and ar The real property, improvements, and personal property described in and mortgaged in the Deed of Trust, and all rights and appurtenances thereto Jacquelyn D. McAnelly, M. H. Cersonsky, John “Cortland” Timm 1770 St. James Place, Suite 150, Houston, Texas 77056 August 5, 2025 The sale of the Property will be held between the hours of 10:00 a.m. and 4:00 p.m. local time; the earliest time at which the Foreclosure Sale will begin is 1:00 p.m. and not later than three hours thereafter. TENESHIA HUDSPETH, COUNTY CLERK, HARRIS COUNTY, TEXAS FRCL-2025-4852 FILED 7/1/2025 2:56:56 PM _ Note, has requested Substitute Trustee to sell the Property. Place: The Bayou City Event Center, in Harris County, Texas, located at 9401 Knight Road, Houston, Texas 77045, or in any area designated by the Commissioners Court of such County, pursuant to 51.002 of the Texas Property Code as the place where foreclosure sales are to take place. 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 bid may be by credit against the indebtedness secured by the lien of the Deed of Trust. 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 hereby given of Lender’s election to proceed against and sell both the real personal property described in the Deed of Trust in accordance with Le remedies under the Deed of Trust and section 9.604(a) of the Texas*Busi Code. Therefore, notice is given that on and at tl Tire, and e for the Foreclosure Sale described above, Substitute Trustee wi e Property ordance with the Terms of Sale described above, the Deed of Trustjand applicable Texas law. _
If Lender passes tl lo ale, e of the date of any rescheduled foreclosure sale will be reposted and refiled in’ acegrdance with the posting and filing requirements of the Deed of Tru: the Texas Propéfty Code.
e Foreciésure Sale will be made expressly subject to any title matters set forth in the us prospective bidders are reminded’ that by law the Foreclosure Sale will be made subject to all prior matters of record affecting the Property, if any, to the or 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. 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 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. TENESHIA HUDSPETH, COUNTY CLERK, HARRIS COUNTY, TEXAS FRCL-2025-4852 FILED 7/1/2025 2:56:56 PM Assert and protect your rights as a member of the armed forces of the United States. If you are or your 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 of a reserve component of the armed forces of the United States, please send written notice of the active duty military service to the sender of this notice immediately.
Jacque . McAnelly, Substitute Trustee TENESHIA HUDSPETH, COUNTY CLERK, HARRIS COUNTY, TEXAS FRCL-2025-4852 FILED 7/1/2025 2:56:56 PM EXHIBIT A LEGAL DESCRIPTION OF LAND BEING A TRACT OR PARCEL CONTAINING 0.804 ACRE (35,033 SQUARE FEET) OF LAND SITUATED IN THE JOHN R. HARRIS LEAGUE, ABSTRACT NUMBER 27, HARRIS COUNTY, TEXAS; BEING THE RESIDUE OF A CALLED 2.5 ACRE TRACT (TRACT 1) OF LAND AND THE SOUTH 50 FET OF LOT 323, BLOCK 13 (TRACT 2) CONVEYED TO KARAM WG 610, LLC AS DESCRIBED BY DEED RECORDED UNDER HARRIS COUNTY CLERK'S FILE (H.C.C.F) NUMBER RP- 2018-229159; BEING ALL OF RESTRICTED RESERVE "B", KARAM PLAZA SOUTHLOP, A SUBDIVISION PLAT OF RECORD AT FILM CODE NO. 690940. HARRIS COUNTY MAP RECORDS (H.C.M.R.). Commonly known as: 7903 S. Loop E., Houston, TX. 77012 A EXHIBIT A
Appraised Value
$2,277,342
Default Amount
$35,033
Potential Savings: $2,242,309
Auction Date
August 5, 2025
Foreclosure Type
mortgage
Current Owner
KARAM WG 610 LLC
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