On Sale Soon: Land Contract / Rental Payments on a Residential Home in Jackson, Jackson County, Michigan!

Item Id: Walker01
Case Name: Walker, David L
Case Number: 12 40366
Trustee:
Starting Minimum Bid: TBA

Description: Estate’s 50% interest in a Land Contract/Rental Payments generated from a property/resident sold by the debtor in 2011. The rental payments are made by the current owner

One (1) land contract/rental payments from one (1) parcel of land and residence located in Jackson, Jackson County, Michigan. The note originated in February 2010 and the entire balance is due, per the Trustee within 30 years of that date. Payments on the Contract have been routine with a few months being late. The 50% payment to the debtor has been just under $200/month.

As of June 2020, the balance remaining to be paid on the Contract will be $TBA plus any arrearages.

The Contract has paid monthly payments in the amount of $190.84 and has 19 years remaining on the agreement

The Estate has been receiving payments since the filing to benefit creditors. The Trustee has been servicing the Land Contract

Payment history to be provided shortly and will be linked once the auction commences.

Location Info: The parcel is located in Jackson in Jackson County, Michigan. Parcel number/Map Number is:

8-039800000

The property is located at 334 Bates Street, Jackson, MI 49202. We believe the property to be owner occupied.

Past and current payments from the Contract have been made directly to the Bankruptcy Estate. Once the contract note is sold and after the highest bid amount has been paid by certified funds to BKassets.com, any future payments will be redirected to the new owner of the note. There shall be no claim by the buyer to any prior payments received by the Trustee in any circumstance.

Liens: We are not aware of any liens

Bidding Guide: Please review the bkassets.com bidding guide for terms of auction prior to placing a bid or making an offer..