Type: NJFParty: Alabama Housing Finance AuthorityCounty: PulaskiAttorney/Contact: Padgett Law Group - ARProperty: 29907 Highway 107, Cabot AR 72023Property Description:
THIS FORM PREPARED BY: Timothy D. Padgett, P.A., 415 North McKinley, Ste 1177, Little Rock, AR 72205, (850) 422-2520, PLG 25-004242-1
Grantor: TIMOTHY D. PADGETT, P.A.
Grantee: BROOKE BARNES, MICHAEL BARNES, JR.,
(or as otherwise noted by the recorder)
MORTGAGEE'S NOTICE OF DEFAULT AND INTENTION TO SELL. YOU MAY LOSE YOUR PROPERTY IF YOU DO NOT TAKE IMMEDIATE ACTION. NOTICE IS HEREBY GIVEN that on June 10, 2025, at or about 11:00 AM, the subject real property described herein below will be sold at the Main Entrance to the Pulaski County Courthouse, 401 West Markham, Little Rock, AR 72201 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 DAY OF SALE AND ALL TRANSFER TAXES WILL BE THE RESPONSIBILITY OF THE PURCHASER. WHEREAS, the property secured under the Mortgage is located in Pulaski County, Arkansas more particularly described as follows: A PART OF THE NE1/4 OF THE SE1/4 OF SECTION 14, TOWNSHIP 4 NORTH, RANGE 11 WEST, MORE PARTICULARLY DESCRIBED AS FOLLOWS, TO-WIT: COMMENCING AT THE NORTHWEST CORNER OF THE NE 1/4 OF SE 1/4 THENCE RUNNING SOUTH ALONG THE WEST LINE OF THE NE1/4 OF THE SE1/4 391 FEET TO THE POINT OF BEGINNING; THENCE CONTINUING SOUTH ALONG SAID WEST LINE 477.7 FEET; THENCE EAST 200 FEET, MORE OR LESS, TO THE WEST LINE OF STATE HIGHWAY NO. 5, NOW STATE HIGHWAY NO. 107; THENCE NORTHWESTERLY ALONG THE WEST LINE OF SAID HIGHWAY NO. 5, NOW STATE HIGHWAY NO. 107, TO A POINT 391 FEET SOUTH OF THE NORTH LINE OF THE NE1/4 OF THE SE1/4; THENCE WEST 52 FEET TO THE POINT OF BEGINNING. Street Address: 29907 Highway 107, Cabot, AR 72023. WHEREAS on February 15, 2023, Michael Barnes Jr. and Brooke Barnes, a married couple executed a Mortgage in favor of Mortgage Electronic Registrations Systems, Inc., as mortgagee, as nominee for First Community Bank, which was recorded on February 16, 2023 as Instrument Number 2023008948, in the real estate records of Pulaski County, Arkansas. The beneficial interest of said Mortgage has been assigned to Alabama Housing Finance Authority , which is the party initiating foreclosure. The party initiating foreclosure is Alabama Housing Finance Authority and can be contacted at or in care of its servicer initiating foreclosure at: P.O. Box 242828, Montgomery, AL 36124-2928; 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, and the same is now therefore wholly due; and the holder of the debt has requested the undersigned to sell the property to satisfy said indebtedness. The undersigned is an active, licensed member of the Bar of the Supreme Court of the State of Arkansas, and the law firm of the undersigned maintains an office at 415 N. McKinley St., Suite 1177, Little Rock, AR 72205 that is located within the State of Arkansas, is accessible to the public during regular business hours, and has the ability to accept funds from a grantor, mortgagor, or obligor to reinstate or pay off a mortgage or deed of trust. WITNESS my hand this April 4, 2025. TIMOTHY D. PADGETT, P.A., SUBSTITUTE TRUSTEE FOR ALABAMA HOUSING FINANCE AUTHORITY. By: Renee Price, Timothy D. Padgett, P.A., 415 North McKinley, Ste 1177, Little Rock, AR 72205, (850) 422-2520. 25-004242-1. DR4T 5/13, 5/20, 5/27, 6/03/2025