As required by Rule 47, Texas Rules of Civil Procedure, Plaintiff states that Plaintiff seeks monetary relief of $250,000 or less and non-monetary relief.
Although the propertyis valued at approximately $1.7 million, the outstanding loan balance is around $1.2 million, leaving significant equity of $500,000.
... deed of trust provides that it secures the payment of the indebtedness and obligations therein described (collectively the “Obligations”) including by not limited to (1) the promissory note in the original principal amount of $1,140,970.00, ...
BORROWER'S PROMISE TO PAY (the "Principal") that I have received In return for a loan in the amount of U.S. $1,140,976.00 from CASTLE MORTGAGE CORPORATION DBA EXCELERATE CAPITAL, A DELAWARE CORPORATION ...
... BARBARA C ELLISON Property Address: 11174 RUSSWOOD CIRCLE, DALLAS, TEXAS 75229 Principal Balance: $1,140,970.00 PAY TO THE ORDER OF Without Recourse Company Name: CASTLE MORTGAGE CORPORATION DBA ...
The Note evidences the legal obligation of each Borrower who signed the Note to pay Lender ONE MILLION ONE HUNDRED FORTY THOUSAND NINE HUNDRED SEVENTY AND 60/100 Dollars (U.S. $ 1,140,970.00 ) plus interest.