Why this might be a deal
Critical distress (8/10) · Underwater by $1.8M — short-sale or strategic-default territory · primary driver: notice of foreclosure filed
5601 TOURIST DR, NORTH RICHLAND HILLS, TX, 76117
fclosure.comNorth Richland Hills, Tarrant County, TX, 76117
5601 Tourist Dr, North Richland Hills, TX, 76117
North Richland Hills, Tarrant County, TX, 76117
$243,338 market value
Underwater by $1,789,362 (-735%)
Property Details
- Bedrooms
- 3
- Bathrooms
- 2
- Sq Ft
- 1,595
- Year Built
- 1956
- Type
- Commercial
- Rent Estimate
- $1,985/mo
Financial
- Market Value
- $243,338
- Original Loan
- $2,032,700
- Estimated Equity
- -$1,789,362
- Instrument #
- D221011098
−$1,789,362(-735%)
Comparable Sales
Verify on:
Auction
- Sale Date
- Apr 7, 2026
- Filing Date
- Feb 5, 2026
- County
- Tarrant
- Result
- Cancelled
Due Diligence
Nearby Properties
Parties
- Borrower
- REDDING WILLIAM K
- Lender
- GREAT WESTERN FINANCIAL SERVICES INC
- Trustee
- SELENE FINANCE, LP
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
NTSFeb 5
AuctionApr 7
5
ResultCancelled