Type: NJFParty: County: FaulknerAttorney/Contact: AlbertelliProperty: 11 Palamino Dr, Vilonia AR 72173Property Description:
Prepared by: ALBERTELLI LAW, 1 INFORMATION WAY, SUITE 201, LITTLE ROCK, AR 72202, (501) 406-0855, ALAW File 24-028398. MORTGAGEE’S NOTICE OF DEFAULT AND INTENTION TO SELL YOU MAY LOSE YOUR PROPERTY IF YOU DO NOT TAKE IMMEDIATE ACTION IF THIS PROPERTY IS SOLD YOU WILL REMAIN LIABLE FOR ANY DEFICIENCY WHICH THEN EXISTS AND AN ACTION TO COLLECT IT MAY BE BROUGHT AGAINST YOU. THIS IS AN ATTEMPT TO COLLECT A DEBT AND ANY INFORMATION OBTAINED WILL BE USED FOR SUCH PURPOSE. NOTICE IS HEREBY GIVEN that on November 5, 2024 at or about 10:00 AM, the subject real property described herein below will be sold at the Main Entrance of the Faulkner County Courthouse, 801 Locust Street, Conway, AR 72034 to the highest bidder for cash. The sale will extinguish all interests, including those of existing lien holders or previous owners in the property. THE TERMS OF SALE ARE CASH THE TIME OF SALE AND ALL TRANSFER TAXES WILL BE THE RESPONSIBILITY OF THE PURCHASER. WHEREAS, the property secured under the Mortgage is located in Faulkner County, Arkansas more particularly described as follows: LOT 82, SADDLE CREEK SUBDIVISION, RECORDS OF FAULKNER COUNTY, ARKANSAS. Street Address: 11 Palamino Dr Vilonia AR 72173, WHEREAS on March 18, 2022 Brian King, a married person, and Kristen King, spouse, executed a Mortgage in favor of Mortgage Electronic Registration Systems, Inc., as nominee for Firsttrust Home Loans, Inc. Said Mortgage was recorded on March 21, 2022 as Instrument No. L202205140 in the real property records of Faulkner County, Arkansas. Said Mortgage was subsequently assigned to Village Capital & Investment, LLC by virtue of an assignment dated December 20, 2022 and recorded on January 3, 2023 as Instrument No. L202300054 in the real property records of Faulkner County, Arkansas. The party initiating foreclosure can be contacted at or in care of its servicer initiating foreclosure at: Village Capital & Investment LLC 2550 Paseo Verde Parkway, Ste 100 Henderson NV 89074 at Telephone No. ; (866) 933-4654 and WHEREAS, there may be tenants that claim an interest in the real property herein based upon said tenancy; and WHEREAS, the undersigned is the attorney for the mortgagee and is acting on and with the consent and authority of the mortgagee who is exercising its power of sale under Ark. Code Ann. §18-50-115 which implies a power of sale in every mortgage of real property situated in this state that is duly acknowledged and recorded; and default has occurred in the payment of said indebtedness, specifically the installment due May 1, 2023, and each subsequent payment to date are now due; and the holder of the debt has requested the undersigned to sell the property to satisfy said indebtedness. This sale is subject to all matters shown on any applicable recorded plat or bill(s) of assurance; any restrictive covenants, easements, set back liens or encroachments; any unpaid and/or delinquent taxes or special assessments; any statutory redemption rights of any governmental entity; any prior liens or encumbrances as well as any priority created by a UCC or fixture filing; and, to any matter that an accurate survey of the property might disclose. This property is being sold "as is" with no representation as the condition of any structure(s) thereon or the accuracy of the above legal description. Transfer taxes and recording fees are the responsibility of the purchaser. WITNESS my hand this 30th day of August, 2024. Village Capital & Investment LLC, by its attorney-in-fact, Albertelli Law . James McPherson, Esq., 2011038, 1 Information Way, Suite 201, Little Rock, AR 72202, 501-406-0855, A LAW No. 24-028398, DR4T 10/08, 10/15, 10/22, 10/29/2024