Promissory Note & Mortgage Deed Bearing a 6% Interest Rate Per Annum Secured by Real Property in the Original Principal Amount of $30,000!

Description

Item Id: Durazzo01
Case Name: Durazzo, Regina M
Case Number: 15 31651
Trustee:
Starting Minimum Bid: $14,995

Description: Estate’s 100% interest in a Promissory Note bearing a 6.00% interest rate per annum. Further information about the note:

One (1) promissory note secured by one (1) parcel of land located in Guilford, New Haven County, Connecticut. The Amended and Restated Note originated in March 2018 and the entire balance was due and payable on or by August 28, 2018.

The Note further stated that if $25,000 was paid by May 28, 2018, the entire Note would then be considered satisfied

There have been no payments made on the Note.

As of April 2019, the balance remaining to be paid on the Note is $30,000 plus any arrearages.

The Trustee is seeking the auction to purchase the Note and Mortgage. Based on current information, there is a first mortgage with a principal balance of approximately $59,000, as well as three (30 disputed Citibank judicial liens of approximately $20,000 which were recorded before the first mortgage. The gross value of the real estate based on a comparative market analysis indicates fair market value of the property to be $335,000.

Location Info The parcel is located at 75 Bittersweet Circle, Lot 27, Guilford, CT 06437. Parcel number/Map Number (also known as Unique ID#) is:

#2079
The property is located at 75 Bittersweet Circle, Lot 27, Guilford, Connecticut 06437

The Note is unpaid.

Payout History: The Note is unpaid

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 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 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..