Why this might be a deal
Critical distress (10/10) · Underwater by $175k — short-sale or strategic-default territory · Auction in 6 days · primary driver: notice of foreclosure filed
111 BAILEY DR
fclosure.comDeSoto, Dallas County, TX, 75115
111 Bailey Dr
Desoto, Dallas County, TX, 75115
$221,280 market value
Underwater by $175,228 (-79%)
Property Details
- Bedrooms
- 3
- Bathrooms
- 2
- Sq Ft
- 1,604
- Year Built
- 1970
- Type
- Residential
- Rent Estimate
- $2,194/mo
Financial
- Market Value
- $221,280
- Original Loan
- $396,508
- Estimated Equity
- -$175,228
- Instrument #
- 202600000887
−$175,228(-79%)
Comparable Sales
Verify on:
Auction
- Sale Date
- Jun 2, 2026
- Filing Date
- May 11, 2026
- County
- Dallas
- Result
- Cancelled
Due Diligence
Nearby Properties
Parties
- Borrower
- Isaias Padilla and Margarita Padilla
- Lender
- Trinity Capital Bank of Texas
- Trustee
- Abstracts/Trustees of Texas, LLC
Distress Level
10
Critical distress
Sum of weighted signals (max 10) · formula
- Notice of Foreclosure filed+5
- Auction within 7 days+2
- Deeply underwater (≥20%)+2
- Previously cancelled or postponed+1
Bid Calculator
Lifecycle
DOT
AST
NTSMay 11
AuctionJun 2
5
ResultCancelled