2906 Parc Lorraine Cir

420-509111 7/9,7/16,7/23,7/30NOTICE OF SALE UNDER POWERSTATE OF GEORGIACOUNTY OF DEKALB Under and by virtue of the power of sale contained in that certain Deed to Secure Debt, Security Agreement and Assignment of Leases and Rents, given by Borrower in favor of Velocity Commercial Capital, LLC (“Original Lender”) dated June 6, 2024, recorded June 10, 2024 at Deed Book 31473, Page 722, DeKalb County, Georgia records; as assigned to U.S. Bank Trust Company, National Association, as Trustee for Velocity Commercial Capital Loan Trust 2024-4 (“Lender”) by virtue of that certain Assignment of Deed to Secure Debt, Security Agreement and Assignment of Leases and Rents, recorded October 29, 2024, at Deed Book 31687, Page 218, aforesaid, Georgia records (the “Security Deed”); securing that certain Term Note, dated June 6, 2024 in the original principal amount of $75,000.00 (the “Note”); there will be sold at public outcry by Lender as attorney-in-fact of Grantor to the highest bidder for cash between the legal hours for sale before the Courthouse door or any other officially designated area for such foreclosure sales in DeKalb County, Georgia, on the first Tuesday, in August, 2026, the following described property (the “Premises”) to wit: All that certain Condominium Unit in Land Lot 74 of the 16th District of DeKalb County, Georgia, and being identified and depicted as Condominium Unit No. 2906, Building 1, on that certain Site Plat for Fontaine East, A Condominium, recorded in Condominium Plat Book 2, Page 137, DeKalb County Records, together with all right, title and interest of Grantor in the Unit and the appurtenances thereto under that certain Declaration of Fontaine East Condominium, A Condominium, as recorded in Deed Book 3127, Page 161, and as amended in Deed Book 5939, Page 360, DeKalb County Records, (said Declaration including all exhibits thereto and amendments thereto hereinafter referred to as the Declaration). The interest herein conveyed includes, without limiting the generality of the foregoing, the undivided percentage interest in the common elements of Fontaine East appurtenant to the Unit, as the same is specified in the Declaration. 16-074-08-008 24-013120ATL FURTHER LESS AND EXCEPT that property, if any, released of record.The indebtedness evidenced by the Note is due and payable and remains unpaid. The Security Deed therefore has become and is now foreclosable according to its terms. Accordingly, the Premises will be sold at public outcry pursuant to the terms of the power of sale provided in the Security Deed.The Premises will be sold on an “as is, where is” basis without recourse against Lender and without representation or warranty of any kind or nature whatsoever by Lender with respect thereto.The proceeds of the sale are to be applied first to the expenses of the sale and all proceedings in connection therewith, including attorneys' fees (notice of intention to collect attorneys' fees having been given), then to the payment of all sums secured by the Security Deed, and the remainder, if any, will be paid to the person or persons legally entitled thereto, all as provided in the Note and Security Deed. The Premises shall be sold as the property of Grantor, subject to all restrictions, easements and other matters of record that are prior to the Security Deed and to which the Security Deed is subject and to any unpaid city, county and state ad valorem taxes or assessments relating to the Premises. ATTENTION ALL PROSPECTIVE BIDDERS: On March 1, 2026, the data collection and reporting requirements under the U.S. Financial Crimes Enforcement Network (FinCEN) new Anti-Money Laundering Rule (the “Rule”), found at 89 FR 70258, went into effect. The Rule applies to certain residential real estate sale transactions (including nonjudicial foreclosures) where the transfer is to a legal entity or trust, and which includes cash purchases, private financing or financing provided by an institution not subject to a federal Anti-Money Laundering or Suspicious Activity Report requirement. As part of this Rule, purchasers and sellers are required to provide additional information and documentation about themselves, their legal entities, and/or the source of funds used in the reportable transaction. The collection of this information and documentation is required to comply with the Rule's federal reporting requirements. This notice is provided for informational purposes only and does not constitute legal advice. You are encouraged to consult with your own independent legal counsel if you have questions about how the FinCEN Anti-Money Laundering Rule affects your transaction and whether your transaction is reportable.The entity that has full authority to negotiate, amend, and modify all terms of the Note with the Borrower is: Velocity Commercial Capital, LLC, as agent for Lender, Brittany Hartman, 2945 Townsgate Road, Ste. 110, Westlake Village, CA 91361; (512) 676-4581, bhartman@velocitycommercial.com. Please understand that the secured creditor is not required by law to negotiate, amend, or modify the terms of the Deed instrument.To the best knowledge and belief of the undersigned, the party in possession of the Premises is Grantor, John Kevin McMahon, or a tenant or tenants and said property is more commonly known as 2906 Parc Lorranie, Lithonia, GA, 30038-1903. U.S. Bank Trust Company, National Association, as Trustee for Velocity Commercial Capital Loan Trust 2024-4as Attorney-in-Fact forJohn Kevin McMahonGreg KrivoMcCalla Raymer Leibert, Pierce, LLP1544 Old Alabama RoadRoswell, Georgia 30076(678) 281-6508Greg.Krivo@mccalla.com++26-22631GA /John Kevin McMahon++