Voilà c réglé / dossier classé
http://www.aceshowbiz.com/news/view/w0011935.html
April 22, 2011 15:02:01 GMT
A representative for Prince has confirmed the pop superstar has avoided foreclosure on his Minnesota estate by paying off his mortgage bill in full.
The "Purple Rain" hitmaker, Prince owns 20 acres of land in Chanhassen, Minnesota, where one of his many homes once stood before it was torn down in 2005.
The land reportedly fell into foreclosure after the star allegedly failed to keep up with mortgage payments and the local Carver County Sheriff's Office scheduled an auction to sell it off to pay the alleged $368,000 (GBP230,000) mortgage bill, according to Minneapolis' StarTribune. A foreclosure notice is said to have been posted in a local newspaper.
But a representative for Prince has now confirmed steps have been taken to resolve the situation, telling the StarTribune a "payment has been made" to the bank for the full amount "about four or five days ago".
http://www.twincities.com/news/ci_17909 ... ck_check=1
Foreclosure on Prince property canceled
By Gita Sitaramiah
gsitaramiah@pioneerpress.com
Updated: 04/22/2011 08:04:28 PM CDT
US singer Prince performs on October 11, 2009 at the Grand Palais in Paris. Prince has decided to give two extra concerts at the Grand Palais titled "All Day/All Night" after he discovered the exhibition hall during Karl Lagerfeld's Chanel fashion show. AFP PHOTO BERTRAND GUAY (Photo credit should read BERTRAND GUAY/AFP/Getty Images) (BERTRAND GUAY)
The foreclosure proceedings involving a Chanhassen property owned by music icon Prince have been canceled, according to a Carver County official.
A May 13 sheriff sale of Prince's land at 7141 Galpin Boulevard in Chanhassen had previously been set, according to a Carver County official.
According to a foreclosure notice in the Chaska Herald, the original amount of the mortgage for Prince R. Nelson was $605,000 in 1994. The amount due on the mortgage is $368,382.
Gita Sitaramiah can be reached at 651-228-5472.