Oil & Gas Mineral Rights near Donnybrook, Ward County, North Dakota!

Description

Item Id: Clauson01
Case Name: Clauson, Jay & Corrine
Case Number: 14 30546
Trustee:
Starting Minimum Bid: $1,495

Description: Oil & Gas well mineral rights near Donnybrook, North Dakota in Ward County. Debtor holds 1/3 interest in the rights and the future royalties as a Life Estate. The Life Tenant is now deceased.

The Legal Description is:
Northeast Quarter (NE ¼) of Section Fifteen (15), Township One Hundred Fifty-seven (157) North, Range Eighty-seven (87) West, Ward County, North Dakota¼ NE ¼ NE ¼ SE 1/4

There is no current lease holder or royalty payment stream. Copy of the death certificate and inheritance (to debtor) will be provided to the winning bidder

Deed:
Deed with addresses blacked out

Notes: A document preparation fee of $275 will apply. This is all we know about this item. Any fees/liens owing on this item are not part of the final bid price. A bid submitted by a buyer is an agreement to our Terms. Buyers should not bid unless they fully intend to complete the sale in accordance with our Terms (to view terms, click “Terms” tab in Seller Store header at top of ad).

Bidders should familiarize themselves with BKAssets policy regarding ‘Proxy Bidding’ (see ‘Bidding Guide’ on bkassets.com Home Screen). BKAssets is not responsible for connectivity issues, or Internet transmission times, when submitting an auction bid near the close of auction. The auction process does not extend past the set close time of the auction and bidders are solely responsible for the timing and receipt of their bids if they elect not to utilize Proxy bidding.

Legal Info: By Order of the United States Bankruptcy Court, BKAssets sells this and any other property “AS IS, WHERE IS”, with no warranties implied or stated. This means that the Seller and the trustee are not responsible for problems (if any) with the title, the rights, the condition of the property or rights, or any liens or encumbrances against the unit. The buyer will be entirely responsible for this property / right after the sale including but not limited to: paying any fees/costs associated with this property, paying all fees/liens (if any), recording/transferring the title and gathering any paperwork/documentation necessary for that process. Seller and trustee are NOT appraisers or oil/gas brokers. BKAssets and the trustee shall be under no obligation to buyer except to provide buyer with a assignment or deed as required by Ward County. All the information as to the item description has been provided by the court. BKAssets cannot guarantee that all the information is accurate. BKAssets recommends all bidders perform their own due diligence prior to bidding. As with any bankruptcy sale, this sale may be subject to court approval.

Payment Info: $U.S. Money order, certified check, cashier’s check. BKAssets may also accept “Bill Pay” from Wells Fargo, Bank of America, Chase, Citibank, a local regional bank, or Credit Union. If you would like to use “Bill Pay,” but do not bank at one of these establishments, please call BKAssets prior to sending payment.

A document preparation fee of $275 (payable to seller) will apply. Full payment must be received within (7) days of winning bid. Any bidder who does not complete the sale within 7 days from the close of auction will be considered in default. Seller has the right to proceed with the next highest bidder.

Shipping Info: Shipping is free to all buyers in the United States. International bidders are welcome, please contact BKAssets for shipping costs to countries other than the United States prior to bidding. Shipping costs to locations outside of the US will be calculated at the close of auction. Please be advised that because this is a US Bankruptcy Court Ordered sale, and subject to approval, shipping can take an average of 3-6 weeks.

Liens: We do not know 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..