Chapin Holdings Faces Dec. 1 Sale on 79.85-Acre Tarrant Tract

The same borrower name also appears in federal court. The Northern District of Texas docket shows Chapter 11 case 26-41580 in Fort Worth, with filings listed as recently as Nov. 7, 2026. Neither the notice nor the docket says how the two are connected, and whether the sale goes ahead is not shown in either record.

The numbers

• Original principal amount on the note: $5,650,000, per the notice.
• Tract size: 79.854 acres per the legal description in the notice.
• Sale: Dec. 1, 2026, the first Tuesday of the month under Texas Property Code Section 51.002(a-1), starting at 10:00 a.m. Central Time or within three hours after.
• Notice recorded: Nov. 4, 2026, instrument P226015152, 27 days before the sale.

The notice cites a promissory note dated June 4, 2024, with a correction instrument dated June 10, 2024, and a later modification agreement. The loan balance owed today is not stated, so the $5.65 million is the original amount, not what a bidder would face at the sale.

What’s next

Texas has no foreclosure lawsuit, so the sale runs on the clerk’s notice alone. On Dec. 1 the clerk’s records should show a Substitute Trustee’s Deed if the property sells, which would reveal the buyer and price. A postponement, payoff or bankruptcy-related halt would show up as a new notice or a docket entry instead.

Builders and land buyers can follow the court docket for movement before the sale date. For more Dallas-Fort Worth distress records, see the Dallas market page.