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1512 Mims St Sw, Atlanta, GA 30314-2614 · Fulton County
No outcome reported · Sale date June 2, 2026 · no outcome reported
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For this property only. Prepared by our title team and emailed to you.
An illustrative scenario from your assumptions, not an estimate for this property.
Profit as a percentage of the total cost of the deal, earned over the 180-day hold. Not a yearly rate.
Example values, not estimates for this property.
Maximum bid for this scenario
$165,183
The highest bid that still returns 20% on all-in cost under the assumptions below. Higher repairs or a higher target lower it.
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NOTICE OF SALE UNDER POWER GEORGIA, FULTON COUNTY THIS LAW FIRM IS ACTING AS A DEBT COLLECTOR ATTEMPTING TO COLLECT A DEBT. ANY INFORMATION OBTAINED WILL BE USED FOR THAT PURPOSE. Under and by virtue of the Power of Sale contained in a Deed to Secure Debt and Security Agreement given by Glasshouze LLC to Mid Atlantic Development, LLC c/o Mid Atlantic Senior Secured Income Fund, LLC, dated December 26, 2024, filed January 2, 2025, and recorded at Deed Book 68563, Page 426, Fulton County, GA records, conveying the after-described property to secure a Promissory Note in the original principal amount of FOUR HUNDRED FIFTY THOUSAND AND 00/100 DOLLARS ($450,000.00), with interest thereon as set forth therein; as modified by that certain Modification Agreement of Promissory Note and Security Deed recorded at Deed Book 69077, Page 468, Fulton County, GA records, increasing the principal amount of said Promissory Note to SIX HUNDRED NINETY THOUSAND AND 00/100 DOLLARS ($690,000.00), with interest thereon as set forth therein; there will be sold at public outcry to the highest bidder for cash before the Courthouse door of FULTON COUNTY, Georgia, within the legal hours of sale on the first Tuesday in June, 2026, the following described Property: ALL THAT TRACT OR PARCEL OF LAND LYING AND BEING IN LAND LOT 141 OF THE 14TH DISTRICT OF FULTON COUNTY, GEORGIA, AND BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS: BEGINNING AT AN IRON PIN FOUND ON THE SOUTH SIDE OF MIMS STREET A DISTANCE OF 300 FEET EAST FROM THE INTERSECTION OF MIMS STREET AND WELLINGTON STREET; THENCE RUNNING SOUTH A DISTANCE OF 160.0 FEET TO AN IRON PIN FOUND; THENCE RUNNING EAST A DISTANCE OF 50 FEET TO AN IRON PIN FOUND: THENCE RUNNING NORTH A DISTANCE OF 160.0 FEET TO AN IRON PIN FOUND ON THE SOUTH SIDE OF MIMS STREET; THENCE WEST ALONG THE SOUTH SIDE OF MIMS STREET A DISTANCE OF 50 FEET TO AN IRON PIN FOUND AND THE POINT OF BEGINNING. Said property is known as 1512 Mims Street SW, Atlanta, GA 30314, together with all fixtures and personal property attached to and constituting a part of said property, if any. The debt secured by said Deed to Secure Debt and Security Agreement has been and is hereby declared due because of, among other possible events of default, failure to pay the indebtedness as and when due and in the manner provided in the Promissory Note and Deed to Secure Debt and Security Agreement. The debt remaining in default, this sale will be made for the purpose of paying the same and all expenses of this sale as provided in said Deed to Secure Debt and Security Agreement and by law, including attorneys fees (notice of intent to collect attorneys fees having been given). Said property will be sold subject to any outstanding ad valorem taxes (including taxes which are a lien, but not yet due and payable), any matters which might be disclosed by an accurate survey and inspection of the property, any assessments, liens, encumbrances, zoning ordinances, restrictions, covenants, and matters of record superior to the Deed to Secure Debt and Security Agreement first set out above. The entity that has full authority to negotiate, amend, and modify all terms of the mortgage is Mid Atlantic Development, LLC c/o Mid Atlantic Senior Secured Income Fund, LLC, 4480 South Cobb Drive, Suite H-452, Smyrna, GA 30080; Telephone: (773)841-4675. To the best knowledge and belief of the undersigned, the party in possession of the property is Glasshouze LLC, or a tenant or tenants. The sale will be conducted subject (1) to confirmation that the sale is not prohibited under the U.S. Bankruptcy Code and (2) to final confirmation and audit of the status of the loan with the holder of the security deed. Mid Atlantic Development, LLC c/o Mid Atlantic Senior Secured Income Fund, LLC as Attorney in Fact for Glasshouze LLC McLain & Merritt, P.C. 3445 Peachtree Road, N.E. Suite 500 Atlanta, GA 30326 404-266-9171 5:6,13,20,27, 2026kw Ad #552015
Recorded from 1 source. First recorded May 6, 2026. Record as of October 24, 2026. About this data & licence
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