- CM1 Enterprise LLC
-
WHEREAS, CM1 Enterprise LLC (Carlos Toussaint and Emanuel Urra), by Deed of Trust (the “Deed of Trust”), dated February 15, 2023, and recorded on March 14, 2023, in Instrument No. 23020173 in the Register of Deeds Office of Shelby County, Tennessee; and, conveyed to Realty Title & Escrow Company, Inc., Trustee, the hereinafter described real property to secure the payment of a certain Promissory Note (the “Note”) described in the Deed of Trust, which Note was payable to, Civic Financial Services, LLC, which the aforementioned Deed of Trust was subsequently assigned to U.S. Bank Trust National Association, not in its individual capacity but solely as owner trustee for Legacy Mortgage Asset Trust 2024-INV1 dated October 30, 2024 and recorded in Instrument No. 24095677; and
WHEREAS, McPhail Sanchez, LLC has been duly appointed Substitute Trustee by the owner and holder of the Note by instrument recorded in Instrument No. 26017612, Shelby County, Tennessee;
WHEREAS, default has been made in the payment of the Note; and
WHEREAS, the owner and holder of the Note has demanded that the hereinafter described real property be advertised and sold in satisfaction of the indebtedness and costs of foreclosure in accordance with the terms and provisions of the Note and Deed of Trust.
NOW, THEREFORE, notice is hereby given that an agent of McPhail Sanchez, LLC, Substitute Trustee, pursuant to the power, duty, and authority vested in and conferred by the Deed of Trust, on June 25, 2026 at 12:00 PM at the Shelby County Courthouse located at 140 Adams Avenue, Memphis, TN will be sold to the highest call bidder for cash free from all legal, equitable and statutory rights of redemption, exemptions of homestead, rights by virtue of marriage, and all other exemptions of every kind, all of which have been waived in the Deed of Trust, certain real property located in Shelby County, Tennessee, described as follows:
The East Half of Lot 35, Chandler's Addition, Speedway Terrace Subdivision, being more particularly described as follows:
Beginning at a point in the South line of Forrest Avenue 45.5 feet East of the East line of North Montgomery Street; thence Eastwardly with the South line of Forrest Avenue 45.5 feet to a point in the West line of Lot 34; thence Southwardly with the said West line 150.45 feet to a Point in the North line of the L.&N. R.R. Right-of-Way; thence Westwardly with the said North line 47 feet to a Point; thence Northwardly 159.225 feet to the Point of Beginning, this being all that same property which was heretofore conveyed to William R. Holden by Warranty Deed recorded under Instrument Number T7 8904 in the Register's Office of Shelby County, Tennessee, the said William R. Holden died testate in Shelby County, Tennessee, and the grantor herein warrants that she is his widow and that she is the sole devisee under his Will and which is recorded in Will Book Number 244, Page 332, in the Probate Court of Shelby County, Tennessee.
APN: 02-0014-0-0002
ADDRESS: 1245 Forrest Ave Memphis, TN 38104
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 (Rule), found at 89 FR 70258, will go into effect. The Rule applies to certain residential real estate sale transactions (including some that go beyond the typical one-to-four family residence) 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, buyers 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 sale will be conducted subject (1) to confirmation that the sale is not prohibited under the U.S. Bankruptcy Code, (2) to final confirmation and audit of the status of the loan with the holder of the Deed of Trust, and (3) to confirmation that the successful bidder has timely provided all information required by the Rule, 89 FR 70258. The Substitute Trustee, on behalf of the holder of the Deed of Trust, reserves the right to rescind the foreclosure sale at its own discretion.
The street address of the above-described property is believed to be 1245 Forrest Ave, Memphis, TN 38104 but if such address is not part of the legal description of the property sold herein and in the event of any discrepancy, the legal description herein shall control.
Owner of Property: CM1 Enterprise LLC (Carlos Toussaint and Emanuel Urra)
Property ID: 02-0014-0-0002
This sale is subject to any unpaid taxes, if any, any prior liens or encumbrances, leases, easements and all other matters which take priority over the deed of trust under which this foreclosure sale is conducted, including but not limited to the priority of any fixture filing. If the U.S. Department of the Treasury/Internal Revenue Service, the State of Tennessee Department of Revenue, or the State of Tennessee Department of Labor and Workforce Development are listed as interested parties in the advertisement, then the notice of this foreclosure is being given to them, and the sale will be subject to the applicable governmental entities right to redeem the property, all as required by 26 U.S.C. 7425 and T.C.A. 67-1-1433. The notice requirements of T.C.A. 35-5-101 et seq. have been met.
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. The trustee/substitute trustee reserves the right to rescind the sale.
This sale 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.
All right of equity of redemption, statutory and otherwise, and homestead are expressly waived in said Deed of Trust, and the title is believed to be good, but the undersigned will sell and convey only as Substitute Trustee. 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.
This Notice of Sale is being published pursuant to Tennessee Code Annotated Section 35-5-101 at http://www.TNLegalPub.com.
Publication Dates: 05/22/2026 & 05/29/2026
McPhail Sanchez, LLC, Substitute Trustee
126 Government Street
Mobile, AL 36602
251-438-2333
- 05/14/2026
- 06/25/2026
- 1245 Forrest Ave
- memphis
- 38104
