Why this might be a deal

Critical distress (10/10) · Underwater by $75k — short-sale or strategic-default territory · Auction in 6 days · primary driver: notice of foreclosure filed

5424 Wales Avenue, Fort Worth, TX, 76133

Fort Worth, Tarrant County, TX, 76133

$214,264 market value

Underwater by $74,500 (-35%)

Property Details

Bedrooms: 3
Bathrooms: 2
Sq Ft: 1,389
Year Built: 1955
Type: Commercial
Rent Estimate: $1,752/mo

Financial

Market Value: $214,264
Original Loan: $288,764
Estimated Equity: -$74,500
Instrument #: D225145443

−$74,500(-35%)

Comparable Sales

Verify on:

Zillow Redfin Realtor.com

Liens & Violations

Code Violations

Latest May 14, 2026

Auction

Sale Date: Jun 2, 2026
Filing Date: Mar 25, 2026
County: Tarrant
Result: Cancelled

Due Diligence

Nearby Properties

Parties

Borrower: ARMSTRONG THOMAS JAY
Lender: U S A HOUSING AND URBAN DEVELOPMENT
Trustee: —

Distress Level

Critical distress

Sum of weighted signals (max 10) · formula

Notice of Foreclosure filed+5
Auction within 7 days+2
Deeply underwater (≥20%)+2
Multiple code violations+2
Previously cancelled or postponed+1

Bid Calculator

Lifecycle

DOT

AST

NTSMar 25

AuctionJun 2

ResultCancelled

Bid on this Property↗View Notice PDFBack to Dashboard

5424 WALES AVENUE, FORT WORTH, TX, 76133