HomeMy WebLinkAbout1968-05-23 Resident Letter, Ownership InfoC
i7 �l �., c , ✓�
�
Bus. TA 2-5566
Res. FR 7-8799
LARRY SUM INVESTMENT CO.
(SHAY)
I — laying and Selling —Mortgages 806 E. Lake Street
l r
� — Contracts for Deeds —Fire Insurance - MINNEAPOUS, MINNESOTA
May 23, 1968
Mike Scheller
Inspection Department vie
Village of Orono
F.0. Boa 66
Crystal Bay, 'innesota.
Dear Sir:
Received your letter dated T;ay 20, 1968 relative to a property
that I have had sold on contract for sometime. Am #rateful to you for advising
me of .he fact -)at the occupant has left the property and that vandalism is
occuring. Called a business man fr-end of mine who has a business in Navarre.
He is looking into the situation.
Have never met, seen or talked to the occupant of this prorerty. Sack in
1958 I soli the property on a contract for deed. It was later sold I understand
on a second contract, by the assidneea of the vendee to the occupant. My payments
have been coming from a Ralph Sampson, 5208 'Ji^dsor in Edina, Minnesota. The
payments stoppe3 cominr, suddenly a --hor tune aQo so I started a cancellation
of,,the contract by having; the sheriff get service on Ralph Sampson as hell as
on the occupant. The property is theirs to do w'th as the, see fit until such
time as the cancellation runs out. Fortunately it will be only a few days more
and their interest will be wiped out. At that time I will resell the property
to a property imp.,oved as I understan: the occupants let it run down badly.
I am currently financing a number of people who make a business of renovating
ru down properties so am well equipped to resolve what must have been a trying
situation for yourself.
Occasionally my buyers in the past have resold to undesireables. Believe
this eventuality if very unlikely now as I am making no sales to the public
as such but to renovajrers and knowled:-ible ^eal estate men.
On the property in question there have been a half dozen transfers since
.ny original sale. As they all paid me until .just recently I had tyo legal
means of changing the situation.
Will advise whoever I work somethin:- out with to contact your office
before proceedin-.
Yours very truly
Larry j e