Foreclosure — Sharp
Official courthouse record · Indexed in NoticeRegistry archive · AI-enriched for research
This is a mortgagee's notice of default and intent to sell relating to loans to Shirley Speer secured by property in Sharp County. The lender notifies that foreclosure sale may occur because of default and the borrower could remain liable for any deficiency.
Key Takeaways
- Mortgagee (First Community Bank) declares borrower in default
- Notice warns lender intends to sell the property at foreclosure
- Deficiency judgment may remain after sale
- Mortgages recorded April 1, 2024 and November 14, 2024
- Published
- Category
- Foreclosure
- City
- Sharp
If you don't respond
If no action is taken before the foreclosure sale, the property will be sold and the borrower may remain liable for any deficiency; sale date and redemption period not provided in excerpt.
What to do next
- 1
Contact the lender immediately
Reach out to First Community Bank to discuss reinstatement, payoff, or loss mitigation options before the sale date.
- 2
Locate full notice for sale details
Obtain the complete recorded notice (Instrument numbers 2401733 and L202405916) at Sharp County Recorder for sale date and redemption information.
- 3
Consult an attorney
Speak with a foreclosure attorney to review your rights and possible defenses as soon as possible.
Frequently asked questions
- What does 'notice of default and intention to sell' mean?
- It means the lender says the borrower is behind on payments and plans to sell the secured property at a foreclosure sale.
- Who is listed as the lender in this notice?
- First Community Bank is identified as the mortgagee/lender on the recorded mortgages.
- What mortgages are referenced and when were they recorded?
- Mortgages executed April 1, 2024 (Inst. #2401733) and October 31, 2024, recorded November 14, 2024 (Inst. #L202405916) in Sharp County records.
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
- The lender or entity that holds the mortgage and can enforce foreclosure on default.
- Deficiency
- The remaining loan balance a borrower owes if the foreclosure sale doesn't cover the debt.
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, Shirley Speer, a SinglePerson, executed a Mortgagedated April 1, 2024, in favor ofFirst Community Bank, which wasfiled for record on April 1, 2024,as Instrument# 2401733, in Re-cord Book 2024, at PG: 05651-05658, in the records of SharpCounty, Arkansas;Whereas, Shirley Speer, a SinglePerson, executed a Mortgagedated October 31, 2024, in favorof First Community Bank, whichwas filed for record on November14, 2024, as Instrument #L202405916, in Record Book2024, at PG: 20181-20188, in therecords of Sharp County, Arkan-sas;Whereas, default h