Item Id: Hastings01
Case Name: Hastings, David B
Case Number: 15 50779
Trustee:
Starting Minimum Bid: $24,995
Description: Estate’s interest in a Promissory Note with an interest rate of 10.00%:
One (1) promissory notes secured by one (1) parcels of land located in St Paul, Ramsey County, Minnesota. The note originated in May 2016 and the entire balance is due and payable on or before June 10, 2022. Payments on the Note have been routinely paid since 5/16
As of September 2017, the balance remaining to be paid on the Note is $61,974.01.
The Estate has been receiving interest payments since the filing to benefit creditors. The Trustee has been servicing the Note.
Location Info: The parcel are located in Ramsey County, Minnesota. Parcel number is:
36-29-23-11-0062
The property is located at 217 Como Street, St Paul, MN 55103. We do not have information related to rental contract or payments, if any, received by the property owner from any tenants.
Past and current payments from the Note have been made directly to the Trustee who, in turn, has endorsed payments on to the debtor’s Estate. Once the promissory note is sold, payments will be redirected to the new owner upon receipt of payment by the winning bidder. The winning bidder does not receive prior payments. Payments transfer on a date as determined by the Trustee and Court.
Promissory Note See Link below:
Hastings Secured promissory note
Payout History: Hastings payment history
Notes: A closing cost fee of $250 will apply. This is all we know about this item. Any fees/liens owing on this item are not part of the final bid price. A bid submitted by a buyer is an agreement to our Terms. Buyers should not bid unless they fully intend to complete the sale in accordance with our Terms (to view terms, click “Terms” tab in Seller Store header at top of ad).
Title and Escrow:
Legal Info: By Order of the United States Bankruptcy Court, Bkassets.com sells this and any other property or asset “AS IS, WHERE IS”, with no warranties implied or stated. This means that the Seller and the trustee are not responsible for problems (if any) with the title, the condition of the property, or any liens or encumbrances against the unit. The buyer will be entirely responsible for this Note after the sale including but not limited to: paying any fees/costs associated with this Note, paying all fees/liens (if any), recording/transferring the Note and gathering any paperwork/documentation necessary for that process. BKAssets and the trustee shall be under no obligation to buyer except to provide buyer with an assignment of the Promissory Note. All the information as to the item description has been provided by the trustee and debtor attorney indicated above. BKAssets cannot guarantee that all the information is accurate. BKAssets recommends all bidders perform their own due diligence prior to bidding. As with any bankruptcy sale, this sale may be subject to court approval.
Payment Info: $U.S. Money order, certified check, cashier’s check. BKAssets may also accept “Bill Pay” from Citibank, Wells Fargo, Bank of America, Chase or a local regional bank or Credit Union. If you would like to use “Bill Pay,” but do not bank at one of these establishments, please call BKAssets prior to sending payment. We do not accept Zelle.
A closing cost fee of $250 (payable to seller) will apply. Full payment must be received within (7) days of winning bid. Any bidder who does not complete the sale within 7 days from the close of auction will be considered in default. Seller has the right to proceed with the next highest bidder.
Shipping Info: Shipping is free to all buyers in the United States. International bidders are welcome, please contact Bkassets for shipping costs to countries other than the United States prior to bidding. Shipping costs to locations outside of the US will be calculated at the close of auction. Please be advised that because this is a US Bankruptcy Court Ordered sale, and subject to approval, shipping can take an average of 3-6 weeks.
Liens: We do not know of any other liens.
Bidding Guide: Please review the bkassets.com bidding guide for terms of auction prior to placing a bid or making an offer.