The Receiver is recommending the reduction of the reserve price with respect to the Floating Home property at 3157 NE Marine Dr., Portland, OR 97211 from $35,000 to “No Minimum Bid.” A copy of the notice of this proposed reduction is available here.
Latest News
Proposed Sale:
The Receiver is proposing to sell the real property and improvements commonly known as 820 SW Fox Lake Road, Angola IN 46703 for a cash purchase price of $35,000. The notice of the proposed sale is available here.
RMNW Auction Update
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.