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Present Interest In Estate- Langdon, ND

Curt D. Johnson Auction Company logo

Curt D. Johnson Auction Company

Closing Friday
05/24/2019 07:30 pm CDT

Closed

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

Real Estate

HOUSE AND PROPERTY FOR SALE AT AUCTION

4 BEDROOM 1 BATHROOM HOME  AND TWO LOTS OF PROPERTY

PRESENT INTEREST IN ESTATE FOR SALE

GREAT OPPORTUNITY FOR AN INVESTMENT FOR THE PRESENT OR FUTURE

Inspection Date Changed to Wed. May 22nd 1PM-3PM

 

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Showing 1 to 2 of 2 items
Current Bid: $0.00
Next Required Bid: $5.00

 
Scheduled Close
05/24/2019
07:30 pm CDT
Closed

ATTENTION ALL POTENTIAL BIDDERS READ THE FOLLOWING INSTRUCTIONS: 

HOUSE AND PROPERTY FOR SALE AT AUCTION

4 BEDROOM ONE BATHROOM HOME ON CULDESAC IN NICE NEIGHBORHOOD
******UPDATED STATUS FOR REMAINING 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.


Bank Cashiers Check is the only form of payment accepted for this auction.  





Current Bid: $55,000.00
Next Required Bid: $55,250.00

Reserve Has Been Met

High Bidder: # 180557
Scheduled Close
05/24/2019
07:30 pm CDT
Closed

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:

Wed, May 22, 2019 01:00 pm - 03:00 pm

Auction Closing:

Fri, May 24, 2019 07:30 pm

Removal:

By Appointment Only

Bidding Increments:


Range 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


Buyer's Premium
6.00%


This a auction is contracted and managed by: Curt D. Johnson Auction Company

Manager: Todd Adams


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.


This auction is contracted and managed by an independent affiliate. By placing a bid on this auction, you are agreeing to the auction specific terms listed on this page in additions to the K-BID user terms and agreements.  

K-BID Online, Inc. (K-BID) is responsible for maintaining the K-BID.com website.  K-BID.com serves as the venue used by independent auction companies (Affiliates) to present their online auctions to bidders.  

K-BID’s role in the auctions listed on K-BID.com is limited to providing the venue for affiliate auctions. Affiliates are not employees, agents, representatives or partners of K-BID Online, Inc. K-BID’s knowledge about individual auctions and individual auction transactions is limited to the information appearing on the website.

By placing a bid on K-BID.com, bidders are verifying they are at least 18 years old and acknowledging they understand and will comply with both the K-BID.com website terms and the auction specific terms. Bidders MUST NOT share their password or account information with anyone. Bidders are responsible for bids placed on their account.

Inspection dates/times are available for every auction. Bidders are strongly encouraged to inspect prior to placing bids. Removal day is not inspection day. When an auction ends, and the winning bidder invoice appears on the bidder’s dashboard, the bidder is obligated to honor their bid(s).

Every auction item is sold “as is, where is” with no guarantees or warranties. You are responsible for inspecting items prior to purchase.

Bidders are responsible for knowing and complying with auction terms. Failure to comply with removal terms may result in bidding privileges being disabled.  Once a bid is placed it cannot be retracted.

Sellers and their agents are prohibited from bidding on their own assets.

Items with a reserve will not be sold unless the reserve price has been met.

At the close of the auction, active items will remain open until no bids have been received for three minutes.

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

In the event that bidding rights are terminated due to no-show invoices, bidders MAY be reinstated at the discretion of K-BID only after a penalty fee of 20% of the unpaid invoice(s) and a reinstatement fee of $25.00 has been paid to K-BID and a scanned copy of your driver's license emailed to us. INVOICED ITEMS WILL NOT BE AWARDED. The payment is punitive and meant to deter no-shows. Duplicate bidder accounts will be deactivated when they are determined to exist. If possible and at our discretion, K-BID reserves the right to delete any bid we believe has been placed by a suspect bidder. Any registration that shows up on our fraud detection system may be placed on hold and bids removed until the user is verified. K-BID Online, Inc reserves the right to disallow anybody from bidding on its website. Cases of obvious bidding with no intent to redeem will be referred to appropriate legal authorities.

Affiliates may lower a lot reserve at any time before or after an auction closes.  If the reserve is lowered while the auction is in progress, the applicable reserve message will appear below the Next Required Bid information (Reserve Not Met or Reserve Has Been Met); the asset will sell to the high bidder if the lowered reserve amount is met. If the reserve is lowered after the auction closes, the highest bidder at auction close will receive a winning bidder invoice. 

Once an auction begins its closing process, outbid notifications will not be sent.

Once a bid is placed it cannot be retracted.

 


1115 17th Ave
Langdon
ND, 58249

701-317-0609




  • 48.7701131000, -98.3805810000

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