Why this might be a deal
Critical distress (8/10) · Underwater by $1.4M — short-sale or strategic-default territory · primary driver: notice of foreclosure filed
8713 POLO DRIVE, FORT WORTH, TX
fclosure.comFort Worth, Tarrant County, TX
8713 Polo Drive, Fort Worth, TX
Fort Worth, Tarrant County, TX
$206,706 market value
Underwater by $1,431,441 (-693%)
Property Details
- Sq Ft
- 1,221
- Year Built
- 2000
- Type
- Commercial
Financial
- Market Value
- $206,706
- Original Loan
- $1,638,147
- Estimated Equity
- -$1,431,441
- Instrument #
- D223117348
−$1,431,441(-693%)
Comparable Sales
Verify on:
Auction
- Sale Date
- Feb 3, 2026
- Filing Date
- Jan 13, 2026
- County
- Tarrant
- Result
- Cancelled
Due Diligence
Nearby Properties
Parties
- Borrower
- HOBBS CHERISE N.
- Lender
- U S A HOUSING AND URBAN DEVELOPMENT
- Trustee
- Owen B Lemke
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 13
AuctionFeb 3
5
ResultCancelled