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Default on Prince property prompts foreclosure http://www.chanvillager.c...edings-104
What the hell? Default on Prince property prompts foreclosure proceedingSubmitted by rcraw on April 20, 2011 - 1:23pm.
» Read similar stories filed under: Housing By Richard Crawford editor@chanvillager.com Property owned by music icon Prince is undergoing foreclosure proceedings and is scheduled to be sold at a sheriff sale on May 13 unless the mortgage is reinstated before then. The 20-acre property, located at 7141 Galpin Blvd. in Chanhassen, formerly was the site of Prince’s home, which was demolished in 2005. According to the foreclosure notice published 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. Carver County property tax records estimate the land value of the property at more than $1 million. According to the law firm of Wilford & Geske, there is a decent likelihood that the mortgage will be reinstated prior to the May 13 sale. To reinstate the mortgage, delinquent mortgage payments would need to be made current. [Edited 4/21/11 5:36am] Straight Jacket Funk Affair
Album plays and love for vinyl records. | |
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You're named after it, yet you don't even know the address?
..........................................Damn, Gina. | |
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Where do you get that this is Paisley Park? Did you actually read the article??? | |
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Plus, there's no way in hell PP is worth "more than $1 million"... More like it is worth "more than $15 million". | |
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Maybe this will inspire Prince to write another song about greedy rich people who play games with the mortgage system, screw up financial markets, and cause working class black people to lose their homes to foreclosure!
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has anyone bothered to read the fucking article, as not only does it not say it's paisley park, but it gives the address in a street around the corner from paisley park, plus it says it's prince former home
fuck sake | |
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Property owned by music icon Prince is undergoing foreclosure proceedings and is scheduled to be sold at a sheriff sale on May 13 unless the mortgage is reinstated before then. The 20-acre property, located at 7141 Galpin Blvd. in Chanhassen, formerly was the site of Prince’s home, which was demolished in 2005. According to the foreclosure notice published 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. Carver County property tax records estimate the land value of the property at more than $1 million. According to the law firm of Wilford & Geske, there is a decent likelihood that the mortgage will be reinstated prior to the May 13 sale. To reinstate the mortgage, delinquent mortgage payments would need to be made current.
Uhhhhh.... Paisley Park is on Audubon not Galpin. Galpin is a home.
And here is the rest of the article:
According to Carver County property records, Prince has called Chanhassen home since 1980. Prince is one of Chanhassen's largest individual landowners with more than 200 acres of land throughout the city, including 150 acres between Lake Lucy and Lake Ann and land near his Paisley Park Studios at the corner of Audubon and Highway 5. Last year, several Prince properties were on the county’s list for delinquent taxes. According to Carver County officials, taxes are current for the Galpin Boulevard property. Representatives of Prince couldn’t be reached for comment.
So, you're mistaken. Fuck sake. [Edited 4/20/11 22:51pm] | |
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You're so glam, every time I see you I wanna slam! | |
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how am i fucking mistaken when you just highlighted the fucking parts that proove my point?
fuck sake | |
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Dude, can you not read?
Property owned by music icon Prince is undergoing foreclosure proceedings and is scheduled to be sold at a sheriff sale on May 13 unless the mortgage is reinstated before then. The 20-acre property, located at 7141 Galpin Blvd. in Chanhassen, formerly was the site of Prince’s home, which was demolished in 2005.
Property owned by music icon Prince is undergoing foreclosure proceedings and is scheduled to be sold at a sheriff sale on May 13 unless the mortgage is reinstated before then. The 20-acre property, located at 7141 Galpin Blvd. in Chanhassen, formerly was the site of Prince’s home, which was demolished in 2005.
THIS IS NOT PAISLEY PARK. | |
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Why is everybody always trying to get in Prince's pockets and his financial business. "I don't think you'd do well in captivity." - random person's comment to me the other day | |
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I just want to hear "Paisley Park" live! | |
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He never said it was! RIP | |
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I think something has been lost in translation between Unique and Spinlight.
Fuck the funk - it's time to ditch the worn-out Vegas horns fills, pick up the geee-tar and finally ROCK THE MUTHA-FUCKER!! He hinted at this on Chaos, now it's time to step up and fully DELIVER!!
KrystleEyes 22/03/05 | |
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I'm not sure if you're being facetious or not, but in case you're serious: in regards to the the delinquent mortgage on Prince's property, nobody is just "trying to get into Prince's pockets". He owes money. He didn't pay the money he owes. If you or I didn't keep a mortgage on property current, we'd be in the same boat...our property would be in foreclosure. Just because Prince is a celebrity doesn't absolve him of making his payments, and making them ON TIME.
As for getting into his financial business, nobody is doing that, either. Not because of the foreclosure notice being published anyway. That's how they do it in Carver County. When property goes into foreclosure and gets sold at sheriff's sale, a notice is published making the sale public knowledge. If your property was going into foreclosure and being sold at a sheriff sale, a notice for it would be published, too....it's not just because it's Prince that this information is being made public. In instances like this, he's treated just like everyone else. If he doesn't like that, he should pay what he owes on time, it's as simple as that.
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I think unique is drunk and he keeps sayin shit like "you all" when he really meant "OP" | |
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look at my first post, it says it's not fucking paisley park, and it's his old fucking house
i'm not the one that's mistaken. the OP is mistaken. fuck knows what the fuck you are | |
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fuck sake!!!!!! | |
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actuall the deal is that prince is annoyed with carver county on a few things, such as having to pay taxes on properties that aren't occupied, so he demolished the fucking things, and he was pissed at treatment by them regarding some of the cellys and street parking and stuff. so he's basically not paying cuz he's pissed off. he usually pays up at last minute though | |
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Spinlight said: You're named after it, yet you don't even know the address?
.....Damn, Gina. :falloff: Spot my Fail!!! Ill never post news at the end of 4:20 ever again...oh lordy :boxed: Straight Jacket Funk Affair
Album plays and love for vinyl records. | |
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Oh yeah I remember the street parking issues at the last Celebration. I think there were noise complaints from neighbors that he had to deal with also. But he's still mad about all that? That stuff was 9 years ago.
Whatever his nose is out of joint about in regards to Carver County, I hope things work out and he keeps the land...it's beautiful. The last time I drove by there last summer I saw deer roaming around and it was just so pretty. | |
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Spinlight is backing up on this one.... he made a mistake and now he is cussing and being outright rude to people who are trying to correct him.. obvi he is delirious and rude. why dont you just say "my bad" instead of being so rude.. | |
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I didn't get the argument over your first post, but this post makes no sense.
you are taxed on owning property, not living it in. Tearing down a house to lower your taxes doesn't make a lot of sense. If you don't want to pay the taxes on property you don't live in, just sell it.
the foreclosure isn't for owing taxes, but for owing on his mortgage. That doesn't make a lot of sense either. Doesn't he have an employee to keep up with paying his bills? | |
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this is what happens when a celebrity doesn't keep their financial house in order It gets reported in the media.It's not a big deal though,and Prince obviously has the money to pay whatever he owes.For whatever reason,he just chooses to pay late,lol. | |
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What I don't get is...why is there still a mortgage that big on property he's owned for...geez...at least 25 years? He must've borrowed against it more recently.
He better pony up, or Mani might end up owning that land anyway. We don’t mourn artists because we knew them. We mourn them because they helped us know ourselves. | |
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I was so confused, it was like Spinlight was repeating the same thing as you and getting mad!
I was like, what am I missing here? My art book: http://www.lulu.com/spotl...ecomicskid
VIDEO WORK: http://sharadkantpatel.com MUSIC: https://soundcloud.com/ufoclub1977 | |
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what a deadbeat. Its cause of people like him (people with money who dont pay their bills) we're in such a mess. | |
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So this is not Paisley? Ok, then. too much drama!! [Edited 4/21/11 7:52am] The Leaf Shall Inherit The Earth. | |
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I love the brainless sycophants that always defend Prince in scenarios like this. Cripes. | |
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