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1501 CHANCELLOR LN

MCKINNEY, TX 75072
active
ID: 2609787
1501 CHANCELLOR LN
active
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Legal Description

CHANCELLOR CREEK CMC, BLK A, LOT 13R; * REPLAT *

;
Property Overview
6

Bedrooms

4.5

Bathrooms

8,562

Sq Ft

2003

Year Built

Foreclosure Description

24-257154 NoticeofSubstitute Trustee' sSale NoticeConcerning MilitaryDuty: AssertandprotectyourrightsasamemberofthearmedforcesoftheUnited States.Ifyouareoryourspouseisservingonactivemilitaryduty,including activemilitarydutyasamember oftheTexasNational GuardortheNational Guardofanother stateorasamember ofareserve component ofthearmedforcesoftheUnitedStates,pleasesendwrittennoticeoftheactivedutymilitaryservicetothe senderofthisnoticeimmediately. Tex.Prop.Code§51.002(i) DeedofTrustDate:December 22,2005 Original Mortgagor/ Grantor: EDWARD L. PEARSON JRANDDIANE PEARSON Original Beneficiary/ Mortgagee: JPMORGAN CurrentBeneficiary/ Mortgagee: U.SBANK CHASE BANK, N.A. .,ITSSUCCESSORS AND NATIONAL ASSOCIATION, ASTRUSTEE FOR ASSIGNS J.P.MORGAN MORTGAGE TRUST 2006-A4 Recorded in:
Property County: COLLIN Volume: N/A. Page:N/A. Instrument No:2006-0002626 Mortgage Servicer: SELECT PORTFOLIO Mortgage Servicer' sAddress: 3217S.DECKER SERVICING LAKEDR. SALTLAKE CITY,UTAH 84119-3284 ThemortgageservicerisauthorizedtorepresenttheMortgageebyvirtueofaservicingagreementwiththeMortgagee. Pursuanttothe ServicingAgreementandTexasPropertyCode§51.0025,theMortgageServicerisauthorizedtocollectthedebtandtoadministeranyresulting foreclosure ofthepropertysecuring theabovereferenced loan. Secures:Noteintheoriginalprincipalamountof$647,500.00,executedbyEDWARD L.PEARSON JRand payable totheorderofLender. PropertyAddress/MailingAddress: 1501CHANCELLOR LANE,MCKINNEY, TX75070 LegalDescription ofPropertytobeSold:BEINGLOT14, BLOCKAOFCHANCELLOR CREEK, AN ADDITION TOTHECITYOFMCKINEY, COLLIN COUNTY, TEXAS,ACCORDING TOTHEPLAT THEREOF RECORDED INCABINET M, SLIDE145,PLATRECORDS, COLLIN COUNTY, TEXAS. DateofSale:AUGUST 05,2025 Earliest timeSalewillbegin: I0:00AM PlaceofsaleofProperty: THEFRONTSTEPSOFTHECOLLINCOUNTY COURTHOUSE LOCATED AT 2100BLOOMDALE ROAD,MCKINNEY, TX75071;ORASDESIGNATED BYTHECOUNTY COMMISSIONER' SOFFICEORASDESIGNATED BYTHECOUNTY COMMISSIONER' SOFFICEORIN THEAREADESIGNATED BYTHECOMMISSIONER' SCOURT,PURSUANT TOSECTION 51.002OFTHE TEXAS PROPERTY CODE TheSubstituteTrusteewillsellthepropertybypublicauctiontothehighestbidderforcashattheplaceanddate specified. Thesalewillbeginattheearliesttimestatedaboveorwithinthree(3)hoursafterthattime. Appointment ofSubstituteTrustee:DefaulthasoccurredinthepaymentoftheNoteandintheperformance ofthe obligations oftheDeedofTrust, thesameisnowwhollydue. Becauseofthatdefault, U.SBANKNATIONAL ASSOCIATION, ASTRUSTEE FORJ.P. MORGAN MORTGAGE TRUST2006-A4, theownerandholderofthe Note,hasrequestedFrancescaOrtolani,ShelleyOrtolani,MaryMancuso,LizHach,MicheleHreha,CarolDunmon, orPayton Hreha whose address is14800LANDMARK BLVD., SUITE850, DALLAS, TX75254, tosellthe property. TheTrustee(s) has/havebeenappointedSubstituteTrusteeintheplaceoftheoriginaltrustee, inthe mannerauthorized bythedeedoftrust. TermsofSale: TheForeclosure SalewillbeconductedasapublicauctionandthePropertywillbesoldtothe highestbidderforcash, exceptthatU.SBANKNATIONAL ASSOCIATION, ASTRUSTEE FORJ.P. MORGAN IIIII1IIIIIlllIINIllIlIIIlIIIIIIIIIIIIIIII 111111111111111111111111111111111111011111111111 11111111111111111111111111111111111MORTGAGE TRUST2006-A4bidmaybebycreditagainsttheindebtedness securedbythelienoftheDeedof Trust. Pursuanttosection51.009oftheTexasPropertyCode,thePropertywillbesold"ASIS,"withoutanyexpressedor impliedwarranties, exceptastothewarranties( ifany)providedforundertheDeedofTrust.Prospective biddersare advisedtoconductanindependent investigation ofthenatureandphysicalconditionoftheProperty. Pursuanttosection51.0075(a) oftheTexasPropertyCode, FrancescaOrtolani, ShelleyOrtolani, MaryMancuso, LizHach, MicheleHreha, CarolDunmon, orPaytonHrehawhoseaddressis14800LANDMARK BLVD., SUITE 850, DALLAS, TX75254, Trusteereservestherighttosetfurtherreasonable conditions forconducting the Foreclosure Sale. Anysuchfurtherconditionsshallbeannounced beforebiddingisopenedforthefirstsaleofthe dayheldbyFrancescaOrtolani, ShelleyOrtolani, MaryMancuso, LizHach, MicheleHreha, CarolDunmon, or PaytonHrehawhoseaddressis14800LANDMARK BLVD., SUITE850,DALLAS, TX75254,Trustee. Limitation ofDamages: Ifthesaleissetasideforanyreason,thepurchaser atthesaleshallbeentitledonlytoa returnofthefundspaid.ThepurchasershallhavenofurtherrecourseagainstMortgagor, theMortgagee, orthe Mortgagee' sattorney. THISINSTRUMENT APPOINTS THESUBSTITUTE TRUSTEE( S) IDENTIFIED TOSELL THEPROPERTY DESCRIBED INTHESECURITY INSTRUMENT IDENTIFIED INTHIS NOTICE OFSALE.
THEPERSON SIGNING THISNOTICE ISTHEATTORNEY OR AUTHORIZED AGENT OFTHEMORTGAGEE ORMORTGAGE SERVICER. s/JosephVacek Joseph Vacek AttorneyforSelectPortfolio Servicing, Inc. StateBarNo.: 24038848 jvacek@raslg. com Robertson, Anschutz, Schneid, Crane & Partners, PLLC/AttorneyforMortgagee 5601Executive Dr, Suite400 Irving, TX75038 Telephone: 817-873-3080 Facsimile: ( 817)796-6079 pa zDm Jz0cD_inN C Q1 im xor cDn Ui

Additional Information

6 Bed, 4.5 Bath, Estimated value: $2,939,426 Avg ($/sqft: 226, 4 Bed , 3 Bath) # listed: 36

Property Details
Property ID:2609787
Owner Name:PEARSON EDWARD L
County:Collin County
Year Built:2003
Living Area:8,562 sq ft
Bedrooms:6
Status:
active
Images Available:Yes
Coordinates:33.18290003971227,-96.66438497019456
Pricing Information

Appraised Value

$2,310,504

Default Amount

$647,500

Potential Savings: $1,663,004

Auction Information

Auction Date

August 5, 2025 10:00 AM

Foreclosure Type

mortgage

Owner Information

Current Owner

PEARSON EDWARD L

Location & County Info

Coordinates

33.18290003971227,-96.66438497019456

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