North half of Marktplatz Mall for sale Sept. 3
NEW ULM – Property described as Lots 2 and 3, Block 1, Marktplatz First Addition, 101 N. German St., New Ulm, is scheduled to be sold in a foreclosure sale, Wednesday, Sept. 3.
The sale of the property, described as “the north half of the mall” by Randy Danielson of New Ulm who is involved as one owner, is scheduled to take place at 10 a.m. in the Brown County Sheriff’s Office, Brown County Law Enforcement Center, 15 S. Washington St.
The original principal amount of the mortgage filed on March 10, 2005 was $875,000, according to the Notice of Mortgage Foreclosure Sale. The amount claimed to be due on the mortgage on the date of the foreclosure sale notice was $1,168,374.21 as of May 28, 2014.
“It’s probably more than that now,” Danielson said. “We’ll bid whatever is owed (at the foreclosure sale). If anybody bids over that, they can have it. I still want to work with the other parties involved with the mall, but their time is running out.”