Associated Press, Published April 22 2011
Prince's Minnesota land removed from public auction
The Bank of New York Mellon Trust Co. arranged to auction the land in Chanhassen on May 13. But, Prince spokesperson Kiran Sharma says the mortgage balance of $368,000 has been satisfied.
Carver County records set the property's value at about $1 million. The foreclosure in the latest in several delinquencies for the rock star. Last year, Prince paid $1.3 million in current and delinquent property taxes for 14 properties in the county, including his recording studio in Chanhassen. The Star Tribune says he was also late paying taxes in the county in 2006 and 2008.