Why this might be a deal
Critical distress (8/10) · Underwater by $138k — short-sale or strategic-default territory · primary driver: notice of foreclosure filed
1792 LONG COURT, PELICAN BAY, TX, 76020
fclosure.comPelican Bay, Tarrant County, TX, 76020
1792 Long Court, Pelican Bay, TX, 76020
Pelican Bay, Tarrant County, TX, 76020
$60,461 market value
Underwater by $138,073 (-228%)
Property Details
- Bedrooms
- 1
- Bathrooms
- 1
- Sq Ft
- 1,920
- Year Built
- 2021
- Type
- Commercial
- Rent Estimate
- $1,495/mo
Financial
- Market Value
- $60,461
- Original Loan
- $198,534
- Estimated Equity
- -$138,073
- Instrument #
- D221186709
−$138,073(-228%)
Comparable Sales
Verify on:
Auction
- Sale Date
- Mar 3, 2026
- Filing Date
- Jan 22, 2026
- County
- Tarrant
- Result
- Cancelled
Due Diligence
Nearby Properties
Parties
- Borrower
- SCHMIDT DAVID MICHAEL
- Lender
- EVERETT FINANCIAL INC
- Trustee
- Mackie Wolf Zientz, Inc.
Distress Level
8
Critical distress
Sum of weighted signals (max 10) · formula
- Notice of Foreclosure filed+5
- Deeply underwater (≥20%)+2
- Previously cancelled or postponed+1
Bid Calculator
Lifecycle
DOT
AST
NTSJan 22
AuctionMar 3
5
ResultCancelled