445 The Meadows Pkwy

Desoto, TX, 75115

Foreclosure2 months

Why this might be a deal

High distress (7/10) · Underwater by $1.1M — short-sale or strategic-default territory · primary driver: notice of foreclosure filed

445 The Meadows Pkwy

Desoto, Dallas County, TX, 75115

$292,550 market value

Underwater by $1,134,209 (-388%)

Property Details

Bedrooms: 3
Bathrooms: 2
Sq Ft: 1,778
Year Built: 1988
Type: Residential
Rent Estimate: $2,361/mo

Financial

Market Value: $292,550
Original Loan: $1,426,759
Estimated Equity: -$1,134,209
Instrument #: 202600001017

−$1,134,209(-388%)

Comparable Sales

Verify on:

Zillow Redfin Realtor.com

Auction

Sale Date: Jul 7, 2026
Filing Date: May 14, 2026
County: Dallas

Due Diligence

Nearby Properties

Parties

Borrower: MICHELLE R. JOHNSON AND LEROY W. JOHNSON
Lender: U.S. BANK TRUST NATIONAL ASSOCIATION
Trustee: Tejas Corporate Services, LLC

Distress Level

7

High distress

Sum of weighted signals (max 10) · formula

Notice of Foreclosure filed+5
Deeply underwater (≥20%)+2

Bid Calculator

Lifecycle

DOT

AST

3

NTSMay 14

4

Auction

5

Result

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