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Promissory Note for Auction
Listing Information
Attachments
Promissory Note for Auction
Price: $24,995.00
Other Item Info
Item #: mnbke_423738
Created: 10/10/2017
Category: Business Property > Financial > Secured Notes
Sale Date: Sat. Oct 28, 2017
Created: 10/10/2017
Category: Business Property > Financial > Secured Notes
Sale Date: Sat. Oct 28, 2017
Seller Info
Erik Ahlgren
Trustee
220 W Washington Ave Ste 105
Fergus Falls, MN 56537
218-998-2775
Trustee
220 W Washington Ave Ste 105
Fergus Falls, MN 56537
218-998-2775
Bankruptcy Info
Description
Online Auction sale of a Secured Promissory Note in the original amount of $75,000 paid monthly at 10% annum. Monthly payments of $1,389.44 will be received on or before the tenth day of each month until June 1, 2022 at which time a final payment of the remaining principal and interest shall be due. As of October 1, 2017, the remaining balance on the note is $61,974.01. The note is secured with a mortgage on property located 217 Como Avenue, St. Paul, MN 55103 and legally described as: Lot 2, Block 1, Lawyer Heights Addition, Ramsey County, Minnesota.
Financial Overview
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Additional Details
Auction period shall be 30 days beginning October 28, 2017
Preview on October 27, 2017
Minimum bid: $24,995.00
Last date to respond: not later than 12:00 noon on the day before October 31, 2017