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509 Pennington Ave Sw, Rome, GA 30161-4535 · Floyd County
No outcome reported · Sale date September 2, 2025 · 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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STATE OF GEORGIA COUNTY OF FLOYD NOTICE OF SALE UNDER POWER Pursuant to the power of sale contained in the Security Deed executed by JIMMIE J. REYNOLDS AND SARAH REYNOLDS to MORTGAGE ELECTRONIC REGISTRATION SYSTEMS, INC., AS GRANTEE, AS NOMINEE FOR MID-ATLANTIC FINANCIAL SERVICES, INC in the original principal amount of $46,750.00 dated September 01, 2005, and recorded in Deed Book 1964, Page 0344, Floyd County records, said Security Deed being last transferred to U.S. BANK TRUST COMPANY, NATIONAL ASSOCIATION, AS TRUSTEE, AS SUCCESSOR-IN-INTEREST TO U.S. BANK NATIONAL ASSOCIATION, SUCCESSOR TRUSTEE TO LASALLE BANK NATIONAL ASSOCIATION, ON BEHALF OF THE HOLDERS OF BEAR STEARNS ASSET BACKED SECURITIES I TRUST 2006-HE1, ASSET-BACKED CERTIFICATES SERIES 2006-HE1 in Deed Book 2862, Page 705, Floyd County records, the undersigned will sell at public outcry to the highest bidder for cash, before the Courthouse door in said County, or at such other place as lawfully designated, within the legal hours of sale, on September 2, 2025, the property in said Security Deed and described as follows: ALL THAT TRACT OR PARCEL OF LAND SITUATED, LYING AND BEING IN LAND LOT 284 IN THE 23RD DISTRICT AND 3RD SECTION OF FLOYD COUNTY, GEORGIA AND IN THE 2ND WARD OF THE CITY OF ROME, GEORGIA AND BEING PART OF LOT 5 OF KINGS SUBDIVISION AS PER PLAT THEREOF RECORDED IN DEED BOOK "TT", PAGE 518 IN THE OFFICE OF THE CLARK OF THE SUPERIOR COURT OF FLOYD COUNTY, GEORGIA AND BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS: BEGINNING AT A POINT ON THE EASTERLY RIGHT OF WAY OF PENNINGTON AVENUE (66 FOOT RIGHT OF WAY), SAID POINT BEING LOCATED 155.0 FEET SOUTHERLY, AS MEASURED ALONG SAID RIGHT OF WAY FROM THE INTERSECTION OF SAID RIGHT OF WAY WITH THE SOUTHERLY RIGHT OF WAY OF BUTLER STREET; THENCE FROM SAID BEGINNING POINT RUNNING NORTH 87 DEGREES 36 MINUTES 11 SECONDS EAST 183.04 FEET TO AN IRON PIPE; THENCE RUNNING SOUTH 09 DEGREES 36 MINUTES 03 SECONDS WEST A DISTANCE OF 49.82 FACT TO AN IRON ROD; THENCE NORTH 89 DEGREES 19 MINUTES 57 SECONDS WEST 173.97 FEET TO AN IRON ROD ON THE EASTERLY RIGHT OF WAY OF PENNINGTON AVENUE THENCE RUNNING NORTH 00 DEGREES 53 MINUTES 00 SECONDS WEST ALONG SAID RIGHT OF WAY 39.44 FEET TO THE POINT OF BEGINNING. SAID LEGAL DESCRIPTION IS IN ACCORDANCE WITH A PLAT PREPARED BY A. H. HORNE, JR., REGISTERED SURVEYOR, DATED NOVEMBER 28, 1988. THERE IT SITUATED THEREON A ONE STORY FRAME RESIDENCE KNOWN AS NO.509 PENNINGTON AVENUE, ROME, GEORGIA. THIS PROPERTY BEING THE SAME PROPERTY CONVEYED TO PRAITHA J. WEAVER BY DEED RECORDED IN DEED BOOK 1046, PAGE 628 OF THE FLOYD COUNTY DEED RECORDS. THIN DEED CONVEYS ALL RIGHTS TO THE ALLEYS SURROUNDING THE PROPERTY AS WELL AS THE JOINT DRIVEWAY AS REFLECTED IN THAT CERTAIN AGREEMENT DATED AUGUST 16, 1972 AND RECORDED IN DEED BOOK 533, PAGE 392 OF THE FLOYD COUNTY DEED RECORDS. Said property being known as: 509 PENNINGTON AVE, ROME, GA 30161 To the best of the undersigneds knowledge, the party or parties in possession of said property is/are JIMMIE J. REYNOLDS AND SARAH REYNOLDS or tenant(s). The debt secured by said Security Deed has been and is hereby declared due and payable because of, among other possible events of default, failure to pay the indebtedness as provided for in the Note and said Security Deed. The debt remaining in default, this sale will be made for the purpose of paying the same and all expenses of sale, including attorneys fees (notice of intent to collect attorneys fees having been given). Said property will be sold subject to the following: (1) any outstanding ad valorem taxes (including taxes which are a lien, whether or not yet due and payable); (2) the right of redemption of any taxing authority; (3) any matters which might be disclosed by an accurate survey and inspection of the property; and (4) any assessments, liens, encumbrances, zoning ordinances, restrictions, covenants, and matters of record superior to the Security Deed first set out above. Said sale will be conducted subject to the following: (1) confirmation that the sale is not prohibited under the U.S. Bankruptcy Code; and (2) final confirmation and audit of the status of the loan with the holder of the Security Deed. The name, address, and telephone number of the individual or entity who has full authority to negotiate, amend, and modify all terms of the mortgage is as follows: Select Portfolio Servicing, Inc. 3217 S. Decker Lake Drive Salt Lake City, UT 84119 800-635-9698 Note that pursuant to O.C.G.A. ? 44-14-162.2, the above individual or entity is not required by law to negotiate, amend, or modify the terms of the mortgage. THIS LAW FIRM IS ACTING AS A DEBT COLLECTOR ATTEMPTING TO COLLECT A DEBT. ANY INFORMATION OBTAINED MAY BE USED FOR THAT PURPOSE. U.S. BANK TRUST COMPANY, NATIONAL ASSOCIATION, AS TRUSTEE, AS SUCCESSOR-IN-INTEREST TO U.S. BANK NATIONAL ASSOCIATION, SUCCESSOR TRUSTEE TO LASALLE BANK NATIONAL ASSOCIATION, ON BEHALF OF THE HOLDERS OF BEAR STEARNS ASSET BACKED SECURITIES I TRUST 2006-HE1, ASSET-BACKED CERTIFICATES SERIES 2006-HE1, as Attorney-in-Fact for JIMMIE J. REYNOLDS AND SARAH REYNOLDS Robertson, Anschutz, Schneid, Crane & Partners, PLLC 13010 Morris Rd., Suite 450 Alpharetta, GA 30004 Phone: 470-321-7112 Firm File No. 24-220306 - BrS 8:8,15,22,29,2025
Recorded from 1 source. First recorded June 16, 2026. Record as of October 23, 2026. About this data & licence
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