Estate of Clarence Coffindaffer - Laserfiche WebLink

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That part of the East 300 feet of the West 862 feet of the East 1/2 of the Southwest Quarter of Section 26, Township 118, North, Range 23 West of the Fifth Principal Meridian, lying South of the North 962.3 feet thereof, and lying North of the center line of North Watertown Road, Hennepin County, Minnesota. Together with an easement for ingress and egress over that part of the East 50 feet of the West 562 feet of that part of the East 1/2, as shown in deed Doc. No. 620993. The sale will be held at Hennepin County Sheriff's Office, Civil Division, Room 30, at 350 South 5th Street, Minneapolis, Minnesota 55415. The Secretary of Housing and Urban Development will bid $382,716.76. There will be no proration of taxes, rents or other income or liabilities, except that the purchaser will pay, at or before closing, his prorata share of any real estate taxes that have been paid by the Secretary to the date of the foreclosure sale. When making their bids, all bidders except the Secretary must submit a deposit totaling $38,271.68 [10% of the Secretary's bid] in the form of a certified check or cashier's check made out to the Secretary of HUD. A deposit need not accompany each oral bid. If the successful bid is oral, a deposit of $38,271.68 must be presented before the bidding is closed. The deposit is nonrefundable. The remainder of the purchase price must be delivered within 30 days of the sale or at such other time as the Secretary may determine for good cause shown, time being of the essence. This amount, like the bid deposits, must be delivered in the form of a certified or cashier's check. If the Secretary is the highest bidder, he need not pay the bid amount in cash. The successful bidder will pay all conveying fees, all real estate and other taxes that are due on or after the delivery date of the remainder of the payment and all other costs associated with the transfer of title. At the conclusion of the sale, the deposits of the unsuccessful bidders will be returned to them. The Secretary may grant an extension of time within which to deliver the remainder of the payment. All extensions will be for 15 -day increments for a fee of $500.00, paid in advance. The extension fee shall be in the form of a certified or cashier's check made payable to the Secretary of HUD. If the