Update: The Minnesota Homeowner Formerly Facing Foreclosure (a/k/a Prince) Avoids Sheriff’s Sale

 by:  Peter J. Gallagher

In a previous post, The Foreclosure Crisis Will End When Doves Cry, we reported that the musician Prince faced foreclosure on one of the properties he owns in Minnesota after falling behind by more than $350,000 in mortgage payments on the property.  A sheriff's auction had been scheduled for May 13, 2011, but the Minnesota Star Tribune is now reporting that Prince's property is off the auction block because he paid the overdue mortgage bill ("Prince's Land Is Off The Auction Block").     

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