Land Installment Contract for Sale
Listing Information
Land Installment Contract for Sale
Price: $25,000.00
Created: 07/18/2018
Category: Business Property > Financial > Contract Rights
Sale Date: None Set
Trustee's Attorney
100 S.E. 3rd Avenue, Suite 2700
Fort Lauderdale, FL 33394
954-764-7060
Case Title: Pelican Real Estate, LLC
Court: Florida Middle Bankruptcy Court
Chapter: 11
View Case Docket
Description
Sale of trustee's right, title, and interest in in land installment contract. The Liquidating Trustee is the owner of various assets including certain real property previously owned by Smart Money Secured Income Fund, LLC (“SIF”) located at 4878 North Overlook Avenue, Cincinnati, OH (the “Property”). Prior to the initiation of the bankruptcy case, SIF had entered into a Land Installment Contract with Hollie on April 29, 2014 (the “Land Installment Contract”) providing for purchase of the Property by Chris Hollie (“Hollie”) for the total amount of $42,000 with the sum of $37,000 being paid over eight years. The outstanding balance due under the Land Installment Contract is $29,900.93 as of July of 2018. The last payment under the Land Installment Contract is due in March of 2022.
Land Installment Contract for sale is more described in Exhibit A on the attached PDF.
Financial Overview
Additional Details
Bid Deadline: 21 days from the date of service
Last date to respond: 21 days from the date of service
Date of Service: July 13, 2018