facebook
twitter
rss
account
search
search
 

Prince's property won't be auctioned off

April 23, 2011 at 12:33 AM   |   Comments

| License Photo
MINNEAPOLIS, April 23 (UPI) -- A 20-acre parcel of land that belongs to Prince will not be auctioned off because the pop star paid the outstanding mortgage, officials in Minnesota said.

The Bank of New York Mellon Trust Co. scheduled the land's May 13 public auction with the Carver County Sheriff's Office after the property fell into foreclosure. However, the sale has since been called off because the $368,000 mortgage bill was satisfied, the (Minneapolis) Star Tribune reported Friday.

Prince once has a home on the property in Chanhassen, but it was demolished in 2005.

The land is valued at $1.15 million, the newspaper said.

© 2011 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Most Popular
1
Jessica Biel, Justin Timberlake reportedly expecting first child together Jessica Biel, Justin Timberlake reportedly expecting first child together
2
Janel Parrish talks rumored romance with Val Chmerkovskiy Janel Parrish talks rumored romance with Val Chmerkovskiy
3
Miley Cyrus dons revealing, bondage-inspired dress at amfAR Gala Miley Cyrus dons revealing, bondage-inspired dress at amfAR Gala
4
Angelina Jolie goes blonde for 'By the Sea' Angelina Jolie goes blonde for 'By the Sea'
5
Emma Watson says famous U.N. Speech 'wasn't easy' Emma Watson says famous U.N. Speech 'wasn't easy'
Trending News
Around the Web
x
Feedback