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NOTICE OF DEFAULT AND INTENTION TO SELL
YOU MAY LOSE YOUR PROPERTY IF YOU DO NOT TAKE IMMEDIATE ACTION.
On November 17, 2023, Steve C Reusch and Janice E Reusch executed a security instrument conveying certain property therein described to Mortgage Electronic Registration Systems, Inc., as mortgagee, as nominee for Guild Mortgage Company LLC, its successors and assigns; which was recorded November 21, 2023, Document No. L202303051in the real estate records of Madison County, Arkansas.
A default has occurred due to the failure to make timely payments as required under the terms of the Note and indebtedness. Because of the failure to fully cure the default, the indebtedness was accelerated and is now wholly due. The mortgagee or beneficiary has requested the property be sold to satisfy said indebtedness, together with all fees and costs associated with these proceedings continuing to accrue, pursuant to the terms and conditions of the promissory note and security instrument. The mortgagee or beneficiary has complied with the conditions to exercise the power of sale as set for in ACA §18-50-103. The party initiating this action is Guild Mortgage Company LLC, 5887 Copley Drive , San Diego, CA 92111 , (800) 365-4441
On June 18, 2026, at or about 11:00 AM at the Madison County Courthouse, Huntsville, Arkansas, the real property described below will be sold to the highest bidder for the terms described:
LOTS 1-10, BLOCK 31, AND LOTS 6 12, BLOCK 30, OF THE TOWN OF ST. PAUL, ARKANSAS, ALSO THAT PORTION OF PLATTED WALNUT STREET WHICH ABUTS BLOCK 30 BLOCK 31, SAID PORTION OF STREET BEING ABANDONED BY THE TOWN OF ST. PAUL, ORDINANCE NO. 2015- 1A, ALSO A PART OF THAT PORTION AS PLATTED 7TH STREET WHICH ABUTS LOTS 7-10, BLOCK 31 AND LOTS 1-4, BLOCK 22, SAID PORTION OF STREET BEING ABANDONED BY THE TOWN OF ST. PAUL, ORDINANCE NO. 2007-2 AND ORDINANCE NO. 2015-1A, ALSO A PART OF THAT PORTION OF A PLATTED ALLEY WHICH ABUTS LOTS 1-12, BLOCK 31, SAID PORTION OF ALLEY BEING ABANDONED BY THE TOWN OF ST. PAUL, ORDINANCE NO. 2015-1A, ALSO THAT PORTION OF A PLATTED ALLEY WHICH ABUTS LOTS 6 AND 12, BLOCK 30, SAID PORTION OF ALLEY BEING ABANDONED BY THE TOWN OF ST. PAUL, ORDINANCE NO. 2018-1, ALSO BEING A PART OF THE NW 1/4 OF THE FRACTIONAL NW 1/4, OF SECTION 4, T13N, R26W, 5TH PRLNCLPA/ MERIDIAN, MADISON COUNTY, ARKANSAS, AND BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS: BEGINNING AT A FOUND 1/2” REBAR PIN, THE NORTHEAST CORNER AF SAID BLOCK 31, THENCE ALONG THE EAST LINE THEREOF, S 00 DEG 05’41” W 149.94 FEET, TO THE CENTERLLNE OF A PLATTED ALLEY, THENCE ALONG SAID CENTERLINE, N 89 DEG 52’55” W 99.92 FEET: THENCE LEAVING SAID CENTERLINE, AND ALONG AND EXTENDING THE EAST LINE OF LOT 10, OF SAID BLOCK 31, S 00 DEG 07’14” W 210.00 FEET TO A SET 1/2” REBAR PIN, THE NORTHEAST CORNER OF LOT 4, OF SAID BLOCK 22, THENCE ALONG THE NORTH LINE OF SAID BLOCK 22, N 89 DEG 53’08” W 99.91 FEET, TO A SET 1/2” REBAR PIN, THE NORTHWEST CORNER OF LOT 3, OF SAID BLOCK 22, THENCE LEAVING SAID NORTH LINE, N 00 DEG 23’42” E 12.93 FEET TO A SET 1/2” REBAR PIN IN A FENCE, THENCE ALONG SAID FENCE, S 62 DEG 22’10” W 9.22 FEET, AND S 88 DEG 34’11” W 56.34 FEET, TO A SET 1/2” REBAR PIN, THENCE N 36 DEG 07’20” W 28.32 FEET TO A 10” DIAMETER HICKORY TREE AT THE CENTERLINE OF SAID PLATTED 7TH STREET, THENCE LEAVING SAID FENCE, AND ALONG SAID CENTERLINE, N 89 DEF 46’50” W 18.84 FEET; TO A SET 1/2” REBAR PIN, THENCE LEAVING SAID CENTERLINE, N 00 DEG 06’53” E 30.00 FEET, TO A FOUND 1/2” REBAR PIN, THE SOUTHWEST CORNER OF SAID BLOCK 31, THENCE N 89 DEG 53’08” W 110.00 FEET TO A SET 1/2” REBAR PIN, THE SOUTHWEST CORNER OF LOT 12, OF SAID BLOCK 30, THENCE ALONG THE WEST LINE OF LOT 12 AND LOT 6, OF SAID BLOCK 30, N 00 DEG 05’41” E 300.00 FEET; TO A SET 1/2” REBAR PIN, THE NORTHWEST CORNER OF SAID LOT 6, THENCE ALONG THE NORTH LINE OF SAID BLOCK 30 AND BLOCK 31, S 89 DEG 52’55” E 409.90 FEET TO THE POINT OF BEGINNING, CONTAINING 2.72 ACRES, MORE OR LESS. AND LOTS 4 AND 5, AND LOTS 10 AND 11, OF BLOCK 30 OF THE TOWN OF SAINT PAUL, MADISON COUNTY, ARKANSAS AS SHOWN ON PLAT IN OFFICE OF CIRCUIT CLERK AND EX- OFFICIO RECORDER OF SAID COUNTY.
More commonly known as: 197 7th Street, Saint Paul, AR 72760
The Purchaser of said property shall pay the price bid with certified funds paid at the conclusion of the sale and shall assume all transfer taxes and recording fees. If the sale is rescinded for any reason, the purchaser shall be entitled to any funds paid and shall have no further recourse.
The property is sold “as is” and is subject to all matters shown on any applicable recorded plat; any unpaid taxes; any restrictive covenants, easements, or setback lines that may be applicable; any statutory rights of redemption of any governmental agency, state or federal; any prior liens or encumbrances as well as any priority created by a fixture filing; and to any matter that an accurate survey of the premises might disclose.
The right is reserved to adjourn the day of the sale to another day, time and place certain without further publication, upon announcement at the time and place for the sale set forth above. In the event of inclement weather, the right is reserved to postpone the sale to a date to be specified via mailed notices.
Foundation Legal Group, LLP fka
WILSON & ASSOCIATES, P.L.L.C.
400 West Capitol Ave.
Suite 1400
Little Rock, AR 72201
(866) 501-9462
Email: questions@thefoundationlegalgroup.com
598923f
YOU MAY LOSE YOUR PROPERTY IF YOU DO NOT TAKE IMMEDIATE ACTION.
On November 17, 2023, Steve C Reusch and Janice E Reusch executed a security instrument conveying certain property therein described to Mortgage Electronic Registration Systems, Inc., as mortgagee, as nominee for Guild Mortgage Company LLC, its successors and assigns; which was recorded November 21, 2023, Document No. L202303051in the real estate records of Madison County, Arkansas.
A default has occurred due to the failure to make timely payments as required under the terms of the Note and indebtedness. Because of the failure to fully cure the default, the indebtedness was accelerated and is now wholly due. The mortgagee or beneficiary has requested the property be sold to satisfy said indebtedness, together with all fees and costs associated with these proceedings continuing to accrue, pursuant to the terms and conditions of the promissory note and security instrument. The mortgagee or beneficiary has complied with the conditions to exercise the power of sale as set for in ACA §18-50-103. The party initiating this action is Guild Mortgage Company LLC, 5887 Copley Drive , San Diego, CA 92111 , (800) 365-4441
On June 18, 2026, at or about 11:00 AM at the Madison County Courthouse, Huntsville, Arkansas, the real property described below will be sold to the highest bidder for the terms described:
LOTS 1-10, BLOCK 31, AND LOTS 6 12, BLOCK 30, OF THE TOWN OF ST. PAUL, ARKANSAS, ALSO THAT PORTION OF PLATTED WALNUT STREET WHICH ABUTS BLOCK 30 BLOCK 31, SAID PORTION OF STREET BEING ABANDONED BY THE TOWN OF ST. PAUL, ORDINANCE NO. 2015- 1A, ALSO A PART OF THAT PORTION AS PLATTED 7TH STREET WHICH ABUTS LOTS 7-10, BLOCK 31 AND LOTS 1-4, BLOCK 22, SAID PORTION OF STREET BEING ABANDONED BY THE TOWN OF ST. PAUL, ORDINANCE NO. 2007-2 AND ORDINANCE NO. 2015-1A, ALSO A PART OF THAT PORTION OF A PLATTED ALLEY WHICH ABUTS LOTS 1-12, BLOCK 31, SAID PORTION OF ALLEY BEING ABANDONED BY THE TOWN OF ST. PAUL, ORDINANCE NO. 2015-1A, ALSO THAT PORTION OF A PLATTED ALLEY WHICH ABUTS LOTS 6 AND 12, BLOCK 30, SAID PORTION OF ALLEY BEING ABANDONED BY THE TOWN OF ST. PAUL, ORDINANCE NO. 2018-1, ALSO BEING A PART OF THE NW 1/4 OF THE FRACTIONAL NW 1/4, OF SECTION 4, T13N, R26W, 5TH PRLNCLPA/ MERIDIAN, MADISON COUNTY, ARKANSAS, AND BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS: BEGINNING AT A FOUND 1/2” REBAR PIN, THE NORTHEAST CORNER AF SAID BLOCK 31, THENCE ALONG THE EAST LINE THEREOF, S 00 DEG 05’41” W 149.94 FEET, TO THE CENTERLLNE OF A PLATTED ALLEY, THENCE ALONG SAID CENTERLINE, N 89 DEG 52’55” W 99.92 FEET: THENCE LEAVING SAID CENTERLINE, AND ALONG AND EXTENDING THE EAST LINE OF LOT 10, OF SAID BLOCK 31, S 00 DEG 07’14” W 210.00 FEET TO A SET 1/2” REBAR PIN, THE NORTHEAST CORNER OF LOT 4, OF SAID BLOCK 22, THENCE ALONG THE NORTH LINE OF SAID BLOCK 22, N 89 DEG 53’08” W 99.91 FEET, TO A SET 1/2” REBAR PIN, THE NORTHWEST CORNER OF LOT 3, OF SAID BLOCK 22, THENCE LEAVING SAID NORTH LINE, N 00 DEG 23’42” E 12.93 FEET TO A SET 1/2” REBAR PIN IN A FENCE, THENCE ALONG SAID FENCE, S 62 DEG 22’10” W 9.22 FEET, AND S 88 DEG 34’11” W 56.34 FEET, TO A SET 1/2” REBAR PIN, THENCE N 36 DEG 07’20” W 28.32 FEET TO A 10” DIAMETER HICKORY TREE AT THE CENTERLINE OF SAID PLATTED 7TH STREET, THENCE LEAVING SAID FENCE, AND ALONG SAID CENTERLINE, N 89 DEF 46’50” W 18.84 FEET; TO A SET 1/2” REBAR PIN, THENCE LEAVING SAID CENTERLINE, N 00 DEG 06’53” E 30.00 FEET, TO A FOUND 1/2” REBAR PIN, THE SOUTHWEST CORNER OF SAID BLOCK 31, THENCE N 89 DEG 53’08” W 110.00 FEET TO A SET 1/2” REBAR PIN, THE SOUTHWEST CORNER OF LOT 12, OF SAID BLOCK 30, THENCE ALONG THE WEST LINE OF LOT 12 AND LOT 6, OF SAID BLOCK 30, N 00 DEG 05’41” E 300.00 FEET; TO A SET 1/2” REBAR PIN, THE NORTHWEST CORNER OF SAID LOT 6, THENCE ALONG THE NORTH LINE OF SAID BLOCK 30 AND BLOCK 31, S 89 DEG 52’55” E 409.90 FEET TO THE POINT OF BEGINNING, CONTAINING 2.72 ACRES, MORE OR LESS. AND LOTS 4 AND 5, AND LOTS 10 AND 11, OF BLOCK 30 OF THE TOWN OF SAINT PAUL, MADISON COUNTY, ARKANSAS AS SHOWN ON PLAT IN OFFICE OF CIRCUIT CLERK AND EX- OFFICIO RECORDER OF SAID COUNTY.
More commonly known as: 197 7th Street, Saint Paul, AR 72760
The Purchaser of said property shall pay the price bid with certified funds paid at the conclusion of the sale and shall assume all transfer taxes and recording fees. If the sale is rescinded for any reason, the purchaser shall be entitled to any funds paid and shall have no further recourse.
The property is sold “as is” and is subject to all matters shown on any applicable recorded plat; any unpaid taxes; any restrictive covenants, easements, or setback lines that may be applicable; any statutory rights of redemption of any governmental agency, state or federal; any prior liens or encumbrances as well as any priority created by a fixture filing; and to any matter that an accurate survey of the premises might disclose.
The right is reserved to adjourn the day of the sale to another day, time and place certain without further publication, upon announcement at the time and place for the sale set forth above. In the event of inclement weather, the right is reserved to postpone the sale to a date to be specified via mailed notices.
Foundation Legal Group, LLP fka
WILSON & ASSOCIATES, P.L.L.C.
400 West Capitol Ave.
Suite 1400
Little Rock, AR 72201
(866) 501-9462
Email: questions@thefoundationlegalgroup.com
598923f
Refcode: #598923
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