Foreclosure sale scheduled for April 1, 2026, due to unpaid mortgage.

TS No: CA07001424-25-1-HC APN: 015-350-055-000 TO No: 2729063CAD NOTICE OF DEFAULT AND FORECLOSURE SALE WHEREAS, on May 26, 2005, a certain Deed of Trust was executed by LOUIE J. MANCEBO AND VIRGINIA M. MANCEBO, HUSBAND AND WIFE AS JOINT TENANTS as Trustor in favor of PACIFIC REVERSE MORTGAGE, INC./DBA FINANCIAL HERITAGE as Beneficiary and STEWART TITLE OF CALIFORNIA, INC. as Trustee, and was recorded on June 6, 2005, as Instrument No. 2005-0032091 in the Office of the County Recorder, Butte County, California; and WHEREAS, the Deed of Trust 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 Deed of Trust is now owned by the Secretary, pursuant to an assignment dated November 9, 2010, and recorded on November 16, 2010, as Instrument No. 2010-0040063, in the office of the County Recorder, Butte County, California; and WHEREAS, a default has been made in the covenants and conditions of the Deed of Trust in that the payment due on June 10, 2023, was not made and remains wholly unpaid as of the date of this notice, and no payment has been made sufficient to restore the loan to currency; and WHEREAS, the entire amount delinquent as of February 4, 2026 is estimated to be $419,053.40; and WHEREAS, by virtue of this default, the Secretary has declared the entire amount of the indebtedness secured by the Deed of Trust to be immediately due and payable; NOW THEREFORE, pursuant to powers vested in me by the Single Family Mortgage Foreclosure Act of 1994, 12 U.S.C. 3751 et seq., by 24 CFR part 27, subpart B, and by the Secretary's designation of MTC Financial Inc. dba Trustee Corps as Foreclosure Commissioner, recorded on August 24, 2023, as Instrument No. 2023-0022210, notice is hereby given that on April 1, 2026 at 03:30 PM, local time, all real and personal property at or used in connection with the following described premises ("Property") will be sold at public auction to the highest bidder: Commonly known as: 1082 MANZANITA AVENUE, CHICO, CA 95926 SEE ATTACHED EXHIBIT "A" LEGAL DESCRIPTION The land referred to herein is situated in the State of California, County of Butte, described as follows: A portion of the East one half of Lot 22, as shown on that certain Map entitled, "Revised Map of the Twelfth Subdivision of the John Bidwell Rancho", filed in the Office of the County Recorder of Butte County, California, on October 3, 1906, in Book 6, of Maps, at Page(s) 11, and being more particularly described as follows: COMMENCING at a concrete monument on the Northerly line of Manzanita Avenue as said Avenue is shown on said Revised Maps, said point being also the Southeast corner of Lot 13, as shown on that certain Map entitled, "Almond Acres", filed in the Office of the County Recorder of Butte County, California, on June 12, 1957, in Book 22, of Maps, at Page(s) 31; thence South 12.12 feet to the Northerly line of Manzanita Avenue; thence along said line North 75� 38' East, 154.84 feet to the POINT OF BEGINNING for this description; thence continuing North 75� 38' East, 77.42 feet to an iron pipe on the Northerly line of said Manzanita Avenue; thence North 112.0 feet to an iron pipe; thence South 75� 38' West, 77.42 feet to an iron pipe; thence South 112.0 feet to the point of beginning. End of Legal Description The sale will be held at the main entrance to the County Courthouse at 1 Court Street, Oroville, CA 95965. The Secretary of Housing and Urban Development will bid $427,997.44. There will be no proration of taxes, rents or other income or liabilities, except that the purchaser will pay, at or before closing, his prorata share of any real estate taxes that have been paid by the Secretary to the date of the foreclosure sale. When making their bids, all bidders except the Secretary must submit a deposit totaling $42,799.74 [10% of the Secretary's bid] in the form of a certified check or cashier's check made out to the Secretary of HUD. A deposit need not accompany each oral bid. If the successful bid is oral, a deposit of $42,799.74 must be presented before the bidding is closed. 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. If the high bidder is unable to close the sale within the required period, or within any extensions 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 upon a 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 property will be vacant. The scheduled foreclosure sale shall be cancelled or adjourned if it is established, by documented written application of the mortgagor to the Foreclosure Commissioner not less than 3 days before the date of sale, or otherwise, that the default or defaults upon which the foreclosure is based did not exist at the time of service of this notice of default and foreclosure sale, or all amounts due under the mortgage agreement are tendered to the Foreclosure Commissioner, in the form of a certified or cashier's check payable to the Secretary of HUD, before public auction of the property is completed. The amount that must be paid if the mortgage is to be reinstated prior to the scheduled sale is $419,053.40 as of February 4, 2026, plus all other amounts that would be due under the mortgage agreement if payments under the mortgage had not been accelerated, advertising costs and postage expenses incurred in giving notice, mileage by the most reasonable road distance for posting notices and for the Foreclosure Commissioner's attendance at the sale, reasonable and customary costs incurred for title and lien record searches, the necessary out-of-pocket costs incurred by the Foreclosure Commissioner for recording documents, a commission for the Foreclosure Commissioner, and all other costs incurred in connection with the foreclosure prior to reinstatement. Tender of payment by certified or cashier's check or application for cancellation of the foreclosure sale shall be submitted to the address of the Foreclosure Commissioner provided below. Effective March 1, 2026, new federal regulations (89 Fed. Reg. 70.258) will impact residential real property (1-4 residential units) title transfers to covered entities trusts, with reporting requirements unless exempt. https://www.federalregister.gov/documents/2024/08/29/2024-19198/anti-money-laundering-regulations-for-residential-real-estate-transfers Date: February 4, 2026 Rosenda Cardenas, Authorized Signatory MTC Financial Inc. dba Trustee Corps Foreclosure Commissioner 17100 Gillette Ave, Irvine, CA 92614 Phone: 949-252-8300 Fax: 949-252-8330 SALE INFORMATION CAN BE OBTAINED ONLINE AT www.nationwideposting.com FOR AUTOMATED SALES INFORMATION PLEASE CALL: Nationwide Posting & Publication AT 916.939.0772 NPP0484721 To: CHICO ENTERPRISE RECORD 02/18/2026, 02/25/2026, 03/04/2026