PRINCEPAISLEY PARK TO BE SOLD!Family Ready to Fight It

8/5/2016 1:04 PM PDT BY TMZ STAFF

Prince's famous Paisley Park mansion could soon hit the open market, but there's a legal beef brewing that might squash the whole thing ... TMZ has learned.

feeluupp said:Prince's famous Paisley Park mansion could soon hit the open market, but there's a legal beef brewing that might squash the whole thing ... TMZ has learned.

The bank managing Prince's estate filed docs asking the court to let it sell a bunch of Prince's properties, and Paisley Park is the clear gem on the list.

It's not up for sale yet, but as the bank says in the docs ... "The properties that the special administrator is currently anticipating will be sold, and the appraised value of same are listed in spreadsheet attached as Exhibit A."

The appraised value for the more than 60,000 square feet of Paisley Park is listed at just over $7 million -- and the bank's already hired a real estate agent.

This could get messy. Sources close to the family tell us Prince's heirs will do everything they can to block the administrators from selling the legendary home and studio. We're told they'd rather turn it into a museum.

Stay tuned.

.

Nope. Total BS.

Paisley Park has been set aside by Bremer Trust from the very start.

http://www.nbcnews.com/ne...rt-n588561

IF it were to be sold, it would be to a family trust.

.

[Edited 8/5/16 13:17pm]

laytonian said:

feeluupp said:

PRINCEPAISLEY PARK TO BE SOLD!Family Ready to Fight It

16

8/5/2016 1:04 PM PDT BY TMZ STAFF

EXCLUSIVE

Prince's famous Paisley Park mansion could soon hit the open market, but there's a legal beef brewing that might squash the whole thing ... TMZ has learned.

The bank managing Prince's estate filed docs asking the court to let it sell a bunch of Prince's properties, and Paisley Park is the clear gem on the list.

It's not up for sale yet, but as the bank says in the docs ... "The properties that the special administrator is currently anticipating will be sold, and the appraised value of same are listed in spreadsheet attached as Exhibit A."

The appraised value for the more than 60,000 square feet of Paisley Park is listed at just over $7 million -- and the bank's already hired a real estate agent.

This could get messy. Sources close to the family tell us Prince's heirs will do everything they can to block the administrators from selling the legendary home and studio. We're told they'd rather turn it into a museum.

Stay tuned.

.

Nope. Total BS.

.

I sincerely hope this is NOT true. It was his wish to turn it into a museum. Let there be something that he wanted, be done.

[Edited 8/5/16 13:17pm]

TMZ I'll wait for a source that isn't a gossipmonger.

purplethunder3121 said:

its not like the [N word snip - luv4u] can record there again...shrugs

What is it with TMZ? Just literally peddling deliberate half-truths. Note how they have said 'could' be sold? TMZ 'could' decide tomorrow that what they do has no real purpose and is immoral and close down their publication. They 'could'. Anything 'could' happen. Such poor... well, can we even call it journalism?

lwr001 said:

lwr001 said:

its not like the [N word snip - luv4u] can record there again...shrugs

You said [N word snip - luv4u].

nursev said:

purplethunder3121 said:

TMZ I'll wait for a source that isn't a gossipmonger.

Not trynna do TMZ today

Slow news gossip day. TMZ couldn't dig up any more dirt on Prince so they had to come up with this. to TMZ

purplethunder3121 said:

perfume said:

nursev said:

purplethunder3121 said:

TMZ I'll wait for a source that isn't a gossipmonger.

Not trynna do TMZ today

Ya'all know TMZ is no official source. Gossip mag and tv show.

drfunkenberry is my trusted go-to source

luv4u said:

nursev said:

purplethunder3121 said: Not trynna do TMZ today

Ya'all know TMZ is no official source. Gossip mag and tv show.

drfunkenberry is my trusted go-to source

... yet they were the first one to break the story of PRINCE'S DEATH...

It's pretty misleading, based on the TMZ report, to say Paisley Park is "to be sold." The TMZ story just says that it was listed/appraised among Prince's other properties on a document submitted to the court.

What's also not clear to me -- and maybe the lawyers among us would know -- is:

1. Would Paisley Park being sold definitely mean it's not being turned into a museum? Or would some kind of trust, established by the heirs, buy it in order to turn it into a museum? I'm not sure legally how that all transpires

2. At some point, it'll be the heirs' decision what to do with the estate, not Bremer Trust; the bank is just the temporary administrator. Could the bank actually do anything substantail to the estate without the consent of the heirs?

(and hopefully this discussion can continue in the Estate thread if we get sent there )

feeluupp said:

luv4u said:

Ya'all know TMZ is no official source. Gossip mag and tv show.

drfunkenberry is my trusted go-to source

... yet they were the first one to break the story of PRINCE'S DEATH...

Even a stopped clock is right twice a day and to be honest goodness knows what tactis they employ to get stories.

jayspud said:

feeluupp said:

... yet they were the first one to break the story of PRINCE'S DEATH...

Even a stopped clock is right twice a day and to be honest goodness knows what tactis they employ to get stories.

Funny how no one ever remembers the times they were wrong.

This is false! - L Londell McMillan

https://twitter.com/Londe...6764172288

+

https://twitter.com/Londe...1630057473

.

.

EG

ElGorillos said:

This is false! - L Londell McMillan

https://twitter.com/Londe...6764172288

+

https://twitter.com/Londe...1630057473

.

.

EG

From the horse's mouth...

purplethunder3121 said:

purplethunder3121 said:

ElGorillos said:

https://twitter.com/Londe...6764172288

+

https://twitter.com/Londe...1630057473

.

.

EG

From the horse's mouth...

But....but....TEE-EMM-ZEE said sooo!

ElGorillos said:

This is false! - L Londell McMillan

https://twitter.com/Londe...6764172288

+

https://twitter.com/Londe...1630057473

.

.

EG

And on that note