What does this notice mean for me as the homeowner?

It means your mortgage payments are in default, the lender intends to sell the property, and you could still owe any shortfall after sale.

Do tenants lose their rights if the property is sold?

Tenants may have claims; their rights depend on lease terms and applicable law, so they should review leases and seek advice.

Can I stop the sale of the property?

You can attempt to cure the default by paying owed amounts or negotiate with the lender; consult the lender or an attorney promptly.

Foreclosure — Batesville

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Lender

Affects:HomeownersTenantsCreditorsProperty Buyers

First Community Bank notifies that the mortgage on property owned by Robert and Hannah Roberts (recorded December 7, 2023) is in default and the bank intends to sell the property. Tenants may claim interests; a sale could leave the borrowers liable for any remaining debt.

Key Takeaways

Mortgage recorded Dec 7, 2023 is in default
First Community Bank intends to sell the property
Tenants may have claimed interests in the property
Borrowers remain liable for any deficiency after sale

Published: May 8, 2026 · 1 week ago
Category: Foreclosure
City: Batesville

If you don't respond

If no immediate action is taken, the lender will proceed with a sale of the property and the borrowers will remain liable for any remaining deficiency after the sale. The notice gives immediate consequence but does not list a specific deadline in the provided text.

What to do next

1
Contact the lender immediately
Reach out to First Community Bank right away to determine the amount needed to cure the default and discuss reinstatement options.
2
Review loan and recording details
Obtain and review the December 7, 2023 mortgage (BK: DT 2023 PG: 16989-16996) from Independence County records to confirm terms.
3
Seek legal advice
Consult a real estate or foreclosure attorney to explore defenses, redemption rights, or bankruptcy options before any sale occurs.

Frequently asked questions

What does this notice mean for me as the homeowner?: It means your mortgage payments are in default, the lender intends to sell the property, and you could still owe any shortfall after sale.
Do tenants lose their rights if the property is sold?: Tenants may have claims; their rights depend on lease terms and applicable law, so they should review leases and seek advice.
Can I stop the sale of the property?: You can attempt to cure the default by paying owed amounts or negotiate with the lender; consult the lender or an attorney promptly.

The suggestions and answers above are AI-generated for general information only. They can be wrong, and we don't take responsibility for their accuracy. Talk to a qualified professional before acting on them.

Legal terms in this notice

Mortgagee's Notice of Default: A formal warning from the lender that the borrower has failed to meet loan payments.
Deficiency: The remaining balance owed if the foreclosure sale does not cover the full loan amount.
Mortgage: A loan secured by real property where the lender can sell the property on default.
Recorded (BK/PG): Citation showing where the mortgage is filed in county land records (book and page).

Full Notice Text

MORTGAGEE'S NOTICE OFDEFAULT AND INTENTION TOSELLYOU MAY LOSE YOUR PROP-ERTY IF YOU DO NOT TAKE IM-MEDIATE ACTION.IF YOUR PROPERTY IS SOLD,YOU WILL REMAIN LIABLE FORANY DEFICIENCY WHICH THENEXISTS AND AN ACTION FORC O L L E C T I O N M A Y B EBROUGHT AGAINST YOU.Whereas, Robert Travis RobertsAKA Robert Roberts and HannahMackenzi Roberts AKA HannahRoberts, Husband and Wife, ex-ecuted a Mortgage dated Decem-ber 7, 2023, in favor of First Com-munity Bank, which was filed forrecord on December 7, 2023, inBK: DT 2023 at PG: 16989-16996, in the records of Inde-pendence County, Arkansas andmodified thereafter;Whereas, default has occurred inthe payment of the indebtednesssecured by the mortgage;Whereas, there may be tenantsthat claim an interest in the realproperty herein based upon saidtenancy;Now therefore,

Foreclosure — Batesville

What to do next

Frequently asked questions

Legal terms in this notice

See also

More from First Community Bank→