Federal Bankruptcy Present Interest In Estate Interest Of Residence and Property
Lot #2
Item: 6f53-2178956

Langdon, ND

This Lot is:

Closed

Fri, May 24, 2019 7:30pm CDT

High Bidder: #180557

Current Bid:

$55,000.00

Next Required Bid: $55,250.00

Reserve Reached!

Location / Contact:
1115 17th Ave, Langdon, ND 58249
Phone: 701-317-0609

Lot Description:

PLEASE BEFORE AWARE THE DEBTOR HAS DIED AND RATHER THAN A REMAINDER INTEREST THE FEDERAL BANKRUPTCY TRUSTEE HAS PRESENT INTEREST IN THE ESTATE. WINNING BIDDER WILL BE ABLE TO RECEIVE MARKETABLE TITLE AND TAKE POSSESSION ACCORDING TO TERMS OF THE SALE.

Great opportunity for an investment in the future with minimal capital outlay.  You can purchase Present Interest in Estate located in a growing town and located on cul-de-sac. Appraised in May 2018 for $60,000-$65,and the appraisal will be included in PDF form. All Bidders Read Information Lot Before Bidding.

The bankruptcy trustee in this case, requests that  the online auction sale of the bankruptcy estate’s Present Interest in real property of the debtor, as described below, on Curt D. Johnson Auction Co. K-Bid.com.

The 4 BEDROOM 1 BATHROOM HOME FOR SALE as Present Interest In Estate is located in Cavalier County, North Dakota as follows:Lot Ten (10), Block Six (6), Ramage’s First Addition to the City of Langdon, Cavalier County, North Dakota, according to the plat thereof on file and of record in the office of the County Recover within and for Cavalier County, North Dakota and recorded in Book PA, page 119. Also known as 1115 17th Avenue, Langdon, North Dakota.The estate agrees to provide marketable title of the present interest in the property upon completion of the sale.The bankruptcy estate has determined that there will be no adverse tax consequences to the bankruptcy estate as a result of this sale.

PLEASE BEFORE AWARE THE DEBTOR HAS DIED AND RATHER THAN A REMAINDER INTEREST THE FEDERAL BANKRUPTCY TRUSTEE HAS PRESENT INTEREST IN THE ESTATE. WINNING BIDDER WILL BE ABLE TO RECEIVE MARKETABLE TITLE AND TAKE POSSESSION ACCORDING TO TERMS OF THE SALE. SEE ADDITIONAL IMAGES OF INTERIOR POSTED MAY 22ND. NICE 3 BEDROOM UP AND 1 BEDROOM DOWNSTAIRS WITH PARTIALLY FINISHED BASEMENT.

(SEE APPRAISAL In Attached PDF LOCATED AT BOTTOM OF "MORE IMAGES" Page)

Curt D. Johnson Auction Co. has been to contracted to facilitate an online auction by the Federal Bankruptcy Trustee for this case and will only conduct the auction. The Federal Bankruptcy Trustee law office will handle all proceedings and processes regarding the transfer of ownership for present interest in the estate once the hammer drops and auction closes. Bank Cashiers check is the only accepted form of payment. Once payment is made marketable title will be issued to winning bidder bythe bankruptcy trustee.

HOUSE AND PROPERTY FOR SALE AT AUCTION

4 BEDROOM AND ONE BATHROOM HOME AND PROPERTY

 

ATTENTION ALL POTENTIAL BIDDERS READ THE FOLLOWING INSTRUCTIONS: 

******UPDATED STATUS FOR INTEREST IN THE ESTATE:  THE DEBTOR HAS PASSED AWAY SINCE THE AUCTION WAS PUBLISHED.  THIS IS NO LONGER A REMAINING INTEREST RATHER IT IS A PRESENT INTEREST AND WILL BE SOLD AS SUCH BY THE FEDERAL BANKRUPTCY TRUSTEE. THIS MEANS WINNING BIDDER WILL TAKE POSSESSION ************

  1.  The bankruptcy estate has an ownership interest in the real estate, however at the time this auction was listed the debtor was alive and remained a life estate but since the debtor died recently, the terms and when winning bidder takes possession becomes immediate according to the terms of the sale.  This sale has become a the auction of the Present Interest In The Estate which is owned by the bankruptcy estate (Federal Bankruptcy Trustee).   Once the terms of the sale are met and funds are paid to the bankruptcy trusteee accordingly,  the bankruptcy estate will provide winning bidder(s) the marketable title at the conclusion of the auction sale and take possession of the property within 45-60 Days of payment.

Taking possession of the real estate  will be contingent upon the terms of the preceding paragraph.

PAYMENT TERMS:

 

*Bank Cashiers Check is the only form of payment accepted by Bankruptcy Trustee for winning bid for home.  

*Bank Cashiers or Wire Transfer required for Buyers Premium payable to Curt D. Johnson Auction Co.

 

 

 

INSPECTION DATE WAS CHANGED TO 5/22/2019

 

 

Inspection

Auction Closing:

Fri, May 24, 2019
07:30 pm

Removal:


Bidding Increments:

Bid Range Minimum Increment
$0.01 - $75.00 $1.00
$75.01 - $150.00 $5.00
$150.01 - $250.00 $10.00
$250.01 - $500.00 $25.00
$500.01 - $1,000.00 $50.00
$1,000.01 - $5,000.00 $75.00
$5,000.01 - $50,000.00 $100.00
$50,000.01 - $75,000.00 $250.00
$75,000.01 - $100,000.00 $500.00
$100,000.01 - $2,500,000.00 $1,000.00

Buyer's Premium
6.00%


This auction is contracted and managed by: North Country Auctions

Manager: Jonathan Norberg


This auction is contracted and managed by Curt D. Johnson Auction Company of Grand Forks, ND - East Grand Forks, MN

The property on this auction must be paid with a Bank Cashiers Check Only which can be mailed or presented to the bankruptcy trustee and a quit claim deed will be presented to winning bidder.


Auction Terms Addendum

This auction is contracted and managed by an independent affiliate. By placing a bid, you agree to both the auction-specific terms listed on this page and the K-BID User Terms and Agreements.

Platform Role
K-BID Online, Inc. (“K-BID”) operates and maintains K-BID.com as a venue for independent auction companies (“Affiliates”) to conduct online auctions.
Affiliates are independent entities and are not employees, agents, or representatives of K-BID. K-BID’s knowledge of individual auctions is limited to the information provided on the website.

Bidder Responsibilities
By placing a bid, you confirm that you are at least 18 years old and agree to comply with all applicable terms.

  • Bidders are responsible for all activity under their account.
  • Account information and passwords must not be shared.
  • All bids are binding and may not be retracted.

Inspection & Removal
Inspection dates and times are provided for every auction. Bidders are strongly encouraged to inspect items prior to bidding.
Removal day is not an inspection day.
Once an auction closes and an invoice is issued, the winning bidder is obligated to complete the purchase.

Item Condition
All items are sold “as is, where is,” with no guarantees or warranties. Buyers are responsible for their own due diligence.

Buyer’s Premium
If applicable, Buyer’s Premium caps are applied per item, not per invoice.

Auction Process

  • Items with a reserve will not sell unless the reserve price is met.
  • Affiliates may lower reserves at any time:
    • During the auction: updated reserve status will be displayed.
    • After closing: the highest bidder may be awarded the item if the reserve is lowered.
  • At closing, items with active bidding will remain open until no bids are received for three (3) minutes.
  • Outbid notifications are not sent once an item enters the closing process.

Compliance & Enforcement
Failure to comply with auction terms, including removal requirements, may result in suspension of bidding privileges.

If bidding privileges are suspended due to unpaid invoices:

  • Reinstatement is at K-BID’s discretion
  • Requires payment of:
    • 20% penalty on unpaid invoice(s)
    • $25 reinstatement fee
  • A valid government-issued ID must be provided
  • Unpaid items will not be awarded

Duplicate accounts will be deactivated. Suspected fraudulent activity may result in bid removal, account holds, or permanent suspension. K-BID reserves the right to refuse service to any user and may refer fraudulent behavior to appropriate authorities.

Seller Conduct
Sellers and their agents are strictly prohibited from bidding on their own items.

Sales Tax
Applicable sales tax will be collected by the affiliate managing the auction.



1115 17th Ave
Langdon
ND, 58249


Phone: 701-317-0609

No Shipping Available.

 

WHEN PAYING ONLINE WITH CREDIT CARD - Winning Bidders Must STILL Call to Arrange For SHIPPING.  Credit Card Information Must Be Provided To Pay for Package& Handling Charges AND Shipping Charges. SEE "SHIPPING" Tab For More Info Regarding Shipping.

 

Bid History

131 Bid(s)
Bidder Placed High Bid
180557 ^
May 24 07:32pm
$55,000.00
312016
May 24 07:32pm
$55,000.00
180557 ^
May 24 07:32pm
$54,700.00
312016
May 24 07:32pm
$54,450.00
180557 ^
May 24 07:31pm
$54,000.00
312016
May 24 07:31pm
$53,750.00
180557
May 24 07:31pm
$53,250.00
312016 ^
May 24 07:30pm
$52,750.00
180557
May 24 07:30pm
$52,500.00
312016
May 24 07:30pm
$52,250.00
311736 ^
May 24 07:30pm
$52,000.00
312016
May 24 07:30pm
$52,000.00
311736
May 24 07:29pm
$51,250.00
312016 ^
May 24 07:29pm
$51,000.00
180557
May 24 07:29pm
$51,000.00
312016
May 24 07:27pm
$50,100.00
180557 ^
May 24 07:26pm
$50,000.00
312016
May 24 07:26pm
$50,000.00
180557 ^
May 24 07:26pm
$49,100.00
312016
May 24 07:26pm
$49,000.00
180557 ^
May 24 07:26pm
$48,100.00
312016
May 24 07:26pm
$48,000.00
180557 ^
May 24 07:25pm
$47,100.00
312016
May 24 07:25pm
$47,000.00
180557
May 24 07:25pm
$46,100.00
312016
May 24 07:25pm
$45,100.50
312012
May 24 07:24pm
$45,000.50
180557
May 24 07:24pm
$44,100.00
312016
May 24 07:23pm
$43,100.00
180557
May 24 07:23pm
$42,100.00
312016 ^
May 24 07:23pm
$42,000.00
180557
May 24 07:23pm
$42,000.00
312016 ^
May 24 07:23pm
$40,100.00
180557
May 24 07:23pm
$40,000.00
312016
May 24 07:22pm
$39,900.00
180557
May 24 07:22pm
$39,100.00
312016 ^
May 24 07:22pm
$39,000.00
180557
May 24 07:22pm
$39,000.00
312016
May 24 07:21pm
$38,100.00
180557 ^
May 24 07:21pm
$38,000.00
312016
May 24 07:21pm
$38,000.00
180557
May 24 07:18pm
$37,100.00
312016
May 24 07:18pm
$36,400.00
311891 ^
May 24 07:17pm
$36,100.00
311996
May 24 07:17pm
$36,000.00
311891
May 24 07:16pm
$35,600.00
312016 ^
May 24 07:06pm
$35,300.00
312036
May 24 07:06pm
$35,200.00
312016
May 24 06:59pm
$35,100.00
312030 ^
May 24 06:59pm
$35,000.00
312016
May 24 06:59pm
$35,000.00
312030 ^
May 24 06:59pm
$34,100.00
312016
May 24 06:59pm
$34,000.00
312030 ^
May 24 06:59pm
$33,100.00
312016
May 24 06:59pm
$33,000.00
312030 ^
May 24 06:59pm
$32,600.00
312016
May 24 06:59pm
$32,500.00
312030 ^
May 24 06:59pm
$32,100.00
312016
May 24 06:59pm
$32,000.00
312030 ^
May 24 06:59pm
$31,600.00
312016
May 24 06:59pm
$31,500.00
312030 ^
May 24 06:58pm
$31,100.00
312016
May 24 06:58pm
$31,000.00
312030
May 24 06:56pm
$30,600.00
312016 ^
May 24 06:50pm
$30,500.00
312012
May 24 06:50pm
$30,500.00
312016 ^
May 24 06:27pm
$30,300.00
312012
May 24 06:27pm
$30,200.00
312016
May 24 06:08pm
$30,100.00
312030 ^
May 24 06:08pm
$30,000.00
312016
May 24 06:08pm
$30,000.00
312030 ^
May 24 06:08pm
$29,100.00
312016
May 24 06:08pm
$29,000.00
312030 ^
May 24 06:08pm
$28,600.00
312016
May 24 06:08pm
$28,500.00
312030 ^
May 24 06:07pm
$28,100.00
312016
May 24 06:07pm
$28,000.00
312030 ^
May 24 06:07pm
$27,600.00
312016
May 24 06:07pm
$27,500.00
312030
May 24 05:59pm
$26,900.00
312016
May 24 05:54pm
$26,600.00
312030
May 24 05:49pm
$26,300.00
312016 ^
May 24 05:41pm
$26,200.00
312030
May 24 05:41pm
$26,200.00
312016
May 24 05:09pm
$26,100.00
312012
May 24 05:07pm
$25,900.00
312016
May 24 04:40pm
$25,200.00
312006
May 24 04:29pm
$25,100.00
311736 ^
May 24 04:29pm
$24,700.00
312006
May 24 04:29pm
$24,600.00
311736 ^
May 24 04:28pm
$24,200.00
312006
May 24 04:28pm
$24,100.00
311736 ^
May 24 04:28pm
$23,700.00
312006
May 24 04:28pm
$23,600.00
311736
May 24 04:07pm
$23,100.00
312016
May 24 04:00pm
$22,600.00
312006 ^
May 24 03:32pm
$22,500.00
312016
May 24 03:32pm
$22,500.00
312006
May 24 03:11pm
$22,100.00
311736 ^
May 24 03:10pm
$22,000.00
312006
May 24 03:10pm
$22,000.00
311736 ^
May 24 03:09pm
$21,300.00
312006
May 24 03:09pm
$21,200.00
311736
May 24 02:30pm
$21,100.00
312012 ^
May 24 02:29pm
$21,000.00
311736
May 24 02:29pm
$21,000.00
312012
May 24 02:28pm
$20,600.00
312006
May 24 02:21pm
$20,100.00
312016
May 24 02:02pm
$20,000.00
312012
May 24 01:42pm
$19,000.00
312006
May 24 01:42pm
$18,500.00
312016
May 24 01:36pm
$18,000.00
312012
May 24 01:02pm
$17,000.00
312006
May 24 12:21pm
$16,000.00
211941
May 23 02:28pm
$15,000.00
311736
May 23 08:43am
$11,500.00
211941
May 23 08:26am
$11,000.00
288452
May 22 07:15pm
$10,000.00
311736
May 22 01:12pm
$9,100.00
211941
May 22 12:50pm
$9,000.00
311736
May 20 03:27pm
$8,100.00
288452
May 19 08:05pm
$8,000.00
250792
May 18 05:41pm
$7,000.00
159445
May 18 04:24pm
$5,100.00
288452
May 07 02:43pm
$5,000.00
293568
May 07 02:32pm
$2,825.01
269228
May 06 04:01pm
$2,750.00
293568
May 06 02:08pm
$2,500.01
305501
May 06 11:34am
$201.00
84115
May 06 07:43am
$7.00
180516
May 03 10:30pm
$5.00