Hecker's Cross Lake properties sold to bank
Three of Denny Hecker's Cross Lake properties covering 5.61 acres of lakefront property were sold Monday at the Crow Wing County Sheriff's Department mortgage foreclosure sale.
TCF National Bank was the lone bidder at $7,010,597. The properties, located in Ideal Township on the southern end of Cross Lake southeast of the city of Crosslake and listed to Hecker's Jacob Holdings of Cross Lake LLC, each include a lake home.
A photo from June of 2009 shows one of three Denny Hecker lake homes on southern Cross Lake that on Monday were sold at a Crow Wing County sheriff's mortgage foreclosure sale to TCF National Bank for $7,010,597. TCF has a $7.2 million mortgage on the properties.
Brainerd Dispatch/Kelly Humphrey
Two other properties listed to Jacob Holdings of Cross Lake LLC, valued at $30,000 each and located on 3.4 acres on Bowers' Point on southern Cross Lake, were not included in the sale.
With the sale there is a six-month redemption period on the properties. Crow Wing County Sheriff's Chief Deputy Debi Backdahl said her office is done with the sale unless the sheriff's office was notified it needed to do something further.
The three properties purchased by TCF had individual market values of $8,919,900, $1,480,300 and $1,408,600 according to tax information from the Crow Wing County auditor's office. TCF had held a $7.2 million mortgage on the property, the Star Tribune reported.
For 2009 there were $49,462 in delinquent taxes due on the three properties and taxes of $88,682 due in 2010 that had not been posted, according to the auditor's office.
Taxes on the two properties on Bowers' Point were current.
Hecker had owned 26 auto dealerships in Minnesota, including Brainerd Hyundai on Highway 371 north of Baxter and Brainerd Toyota in Baxter. All the dealerships were either closed or sold as Hecker went bankrupt.
Hecker, who is awaiting trial on fraud and other charges, last week asked a judge for permission to move to the Cross Lake property as his current residence in Medina faces foreclosure, the Star Tribune reported, but his attorney, Brian Toder, withdrew that request Tuesday afternoon.
When Hecker filed for bankruptcy last June he claimed that the Cross Lake property was his primary residence, hoping to protect it from sale, according to the Star Tribune, but creditors protested and a judge refused to allow it. Now the compound belongs to TCF.
MATT ERICKSON may be reached at matt.erickson@brainerddispatch.com or 855-5857.