Bids in the RMNW real estate auction closed on November 13. The AEM Receiverships had 35 properties listed in the auction; 16 of these sold for amounts greater than or equal to their published reserve price, and the Receiver is recommending the acceptance of 4 offers below reserve pricing. Gross sales price of the 20 properties is $1.6M. Please see the full version of the report here and specific notices related to the sale of property below the reserve price in the pending sales section of the Real Estate Page.
Proposed Sale:
The Receiver is proposing to sell the real property and improvements commonly known as 56494 County Rd AA, Moffatt, CO 81143 for a cash purchase price of $63,000. The notice of the proposed sale is available here: https://aeminvestors.com/wp-content/uploads/2019/11/AMERICAN-EAGLE-notice-of-intent-to-sell-real-property-56494-County-Rd-AA-Moffatt-CO-81143-with-exhibit.pdf
Consolidation Motion Filed
The Receiver has filed a motion to consolidate the receivership estates of the 15 American Eagle Mortgage LLCs in this proceeding into a single estate. The motion and supporting declarations are available in the Documents section of this website under the Court Filings tab for October. The motion is set for hearing before Judge Gregerson in Clark County Superior Court at 9:00 a.m. on Friday, November 22, 2019.
RMNW Fall Auction Press Release
Realty Marketing/Northwest released information outlining the 35 properties from the AEM receivership portfolio that are included in their fall auction.
The full press release can be viewed here.
RMNW Fall Auction
Information on the RMNW fall auction is now available on their website. This link https://www.rmnw-auctions.com/1904-fall-auction-catalog/ will take you to their fall catalog that has detailed information on each property. The catalog includes both properties owned by the AEM Receivership and properties owned by others. Please use this two page document on the documents page to identify AEM properties, which are highlighted in yellow.
If you or someone you know is interested in making a bid, please call RMNW at 1-800-845-3524 or follow the instructions on their website to request supplemental information packages that contain bid documents. Bids are due on later than 5PM on November 13, 2019.