Type:   NJF
Party:   First Commercial Mortgage Company
County:   Pulaski
Attorney/Contact:   Marinosci Law Group, PC
Property:   1954 Saturn Lane, Cabot AR 72023
Property Description:  

MORTGAGEE’S NOTICE OF DEFAULT AND INTENTION TO SELL. YOU MAY LOSE YOUR PROPERTY IF YOU DO NOT TAKE IMMEDIATE ACTION.  IF YOUR PROPERTY IS SOLD, YOU WILL REMAIN LIABLE FOR ANY DEFICIENCY AND AN ACTION FOR COLLECTION MAY BE BROUGHT AGAINST YOU. NOTICE IS HEREBY GIVEN that on October 17, 2022, at or about 10:00 AM, the following real property will be sold at the Main Entrance of the Pulaski County Courthouse, 401 West Markham, Little Rock, AR 72201, to the highest bidder for cash: A PART OF THE SOUTHWEST QUARTER (SW1/4), SOUTHEAST QUARTER (SE1/4), SECTION 12, TOWNSHIP 4 NORTH, RANGE 11 WEST, PULASKI COUNTY, ARKANSAS, AND BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS: COMMENCING AT THE SOUTHEAST CORNER OF SAID SW1/4, SE1/4, SECTION 12; THENCE SOUTH 89 DEGREES 58 MINUTES 14 SECONDS WEST 493.27 FEET TO THE POINT OF BEGINNING; THENCE NORTH 0 DEGREES 22 MINUTES 28 SECONDS WEST 1323.89 FEET; THENCE SOUTH 89 DEGREES 44 MINUTES 28 SECONDS WEST 228.0 FEET; THENCE SOUTH 0 DEGREES 22 MINUTES 28 SECONDS EAST 1322.96 FEET; THENCE NORTH 89 DEGREES 58 MINUTES 14 SECONDS EAST 228.0 FEET TO THE POINT OF BEGINNING. More commonly known as: 1954 SATURN LN, CABOT, AR 72023. On November 19, 1996, CYNTHIA J STOWE and GREGORY SCOTT STOWE executed a Mortgage in favor of First Commercial Mortgage Company, as Beneficiary, which was recorded November 26, 1996, as Instrument No. 96-81721 in the real estate records of  Pulaski County, Arkansas. Default has occurred in the payment of said indebtedness, and is now wholly due.  The loan is now in default. Tenants of the property may claim an interest in the real property herein. The sale will extinguish all interests in any part of the property, including existing lienholders, previous owners of the property, or tenants. The terms of the call are certified funds paid at the conclusion of the sale or wiring of funds within twenty-four hours of the sale. All transfer taxes will be the responsibility of the purchaser. The party initiating this action is BSI Financial Services, 7500 Old Georgetown Road, Suite 1350, Bethesda, MD 20814, 866-581-4498. Date: July 19, 2022. Scot P. Goldsholl, Managing Attorney, Arkansas Marinosci Law Group, P.C. as Attorney in Fact for The Secretary of Veterans Affairs. LEGAL PRECEDENT IS NOT CLEAR AS TO WHETHER THE SENDING OF THIS LETTER MAKES US A DEBT COLLECTOR.  TO THE EXTENT IT DOES, PLEASE BE ADVISED THAT THIS IS AN ATTEMPT TO COLLECT A DEBT, AND ANY INFORMATION OBTAINED WILL BE USED FOR THAT PURPOSE.  HOWEVER, IF YOU ARE IN BANKRUPTCY OR HAVE BEEN DISCHARGED IN BANKRUPTCY, THIS LETTER IS FOR INFORMATIONAL PURPOSES ONLY AND IS NOT INTENDED AS AN ATTEMPT TO COLLECT A DEBT OR AS AN ACT TO COLLECT, ASSESS, OR RECOVER ALL OR ANY PORTION OF THE DEBT FROM YOU PERSONALLY. IF YOU ARE CURRENTLY IN THE MILITARY SERVICE OR HAVE BEEN IN THE MILITARY SERVICE WITHIN THE PAST YEAR, AND YOU ENTERED THE SERVICE AFTER SIGNING THE PROMISSORY NOTE AND DEED OF TRUST, PLEASE NOTIFY THIS FIRM IMMEDIATELY AS YOU MAY BE ENTITLED TO RELIEF UNDER THE SERVICEMEMBERS CIVIL RELIEF ACT. WHEN CONTACTING THIS FIRM ABOUT YOUR MILITARY SERVICE, YOU MUST PROVIDE THIS FIRM WITH EVIDENCE OF YOUR MILITARY STATUS. IF YOU DO NOT PROVIDE SUCH EVIDENCE, WE WILL ASSUME THAT YOU ARE NOT ENTITLED TO PROTECTION UNDER THIS ACT. This instrument prepared by: Marinosci Law Group, P.C., 415 North McKinley, Suite 360 Little Rock, AR 72205, (401) 234-9200. 20-00356 DR4T- 09/20, 09/27, 10/04, 10/11/22