Promissory Note Bearing a 8% Interest Rate Per Annum Secured by Real Property in the Original Principal Amount of $38,650.00 !

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Description

Item Id: Fraser01
Case Name: Fraser, Helen B
Case Number: 17 08561
Trustee:
Starting Minimum Bid: $2,500

Description: Estate’s 100% interest in a Secured Promissory Note by Deed of Trust bearing an 8.00% interest rate per annum. The balance due is $3,710.18 as of 3/1/20. Further information about the note:

One (1) promissory note secured by one (1) parcel of land located near Rimrock, Yavapai County, Arizona. The note originated in December 2014 and the entire balance is due and payable on or by February 2021. Payments on the Note have been fairly consistent.

As of March 2020, the balance remaining to be paid on the Note will be $3,710.18 plus any arrearages.

The Note requires monthly payments in the amount of $353.21 with all unpaid interest principal and accrued interest due and payable on or before 2/1/2021. A secondary agreement, dated 9/19/16 reduced the monthly payments to $310.73. The Note is co-owned by Western Vista Ranch, LLC which is owned by the debtor

The Estate has been receiving principal and interest payments since the filing to benefit creditors. The Trustee has been servicing the Note and the buyer will receive the Note below as of the closing date.

Location Info The parcel is located in Rimrock in Yavapai County, Arizona. Parcel number/Map Number is:

405-24-021H

The property is located on North Poker Flats Drive, Rimrock, AZ 86335. We believe the property to be vacant land with no structures.

Past and current payments from the Note have been made directly to the Bankruptcy Estate. Once the promissory 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.

Note and Payout History: See Links below:
2020_01_29_12_43_30

2020_01_29_12_40_41

2020_01_29_12_35_56

2020_01_29_12_39_12

Notes: A closing cost 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.com policy regarding ‘Proxy Bidding’ (see ‘Bidding Guide’ on www.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.

**BKAssets.com has retained the services of an outside collection agency specializing in judgments who may be willing to assist the winning bidder in pursuing, and collecting, on the judgment from the defendant. This asset has been pre-approved for this assistance by both BKAssets and the collection agency.

This service is an option for the winning bidder if they so choose to accept. It is NOT provided automatically by BKAssets.com

Legal Info: By Order of the United States Bankruptcy Court, Bkassets.com 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 condition of the property, or any liens or encumbrances against the unit. The buyer will be entirely responsible for this property 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. BKAssets and the trustee shall be under no obligation to buyer except to provide buyer with an assignment of the Promissory Note. All the information as to the item description has been provided by the trustee and debtor attorney indicated above. 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 Citibank, Wells Fargo, Bank of America, Chase or 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 closing cost 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 included 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 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..

Auction History

Auction has finished

Auction failed because there were no bids
May 29, 2020 4:12 pmAuction started

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