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Keg Berlin- Place for Auction

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  • Keg Berlin- Place for Auction

    Today I was wondering through some real estate ads on a horse classifieds website, and came across the place that Keg just inherited, up for auction. SO this makes me wonder what is he doing with all the ponies out there. I know someone who went out there about 6 months ago and said he had about 50+ ponies out there, some were even in foal. So what is he doing with all of these ponies...
    Last edited by bjd2013; Nov. 5, 2011, 10:43 PM. Reason: Grammar Errors

  • #2
    I don't have a clue but I am sure they have made arrangements for them to go to a few different places. 50+??? Really?
    Debbie Hanson


    • #3
      The farm is beautiful but the house needs further updating. It sold for $452,500.


      • #4
        I should add, keg made a brief appearance and there are still lots of ponies here. I didn't speak to him and have no idea what he plans to do with them.


        • #5
          Anyone know who bought the farm??
          There are no stupid horses....just stupid people


          • Original Poster

            I doubt he will be able to dump them somewhere..I wonder how long he has to re-home them.


            • #7
              Tim Jennings was the auctioneer. the buyers were an older couple; not people I recognized by sight. I congratulate them on their lovely purchase though!


              • #8
                Closing by December 30.


                • Original Poster

                  Thanks Anne for all the info.! They got a steal on the place, even if the house needs work IMO.


                  • #10
                    Oh it's an amazing place. I would be happy in the barn apartment!


                    • #11
                      I wonder if he will have any money left after his federal leins are taken care of?? Maybe two nickles?! LoL
                      They call it PMS because Mad Cow Disease was already taken...


                      • #12
                        Ohhhh, those people got a great deal!

                        70+ acres, 50 acres of fenced pastures. Lovely barn connected to the house by an atrium....

                        I *heard* it had been listed for $1.7m (of course you can ask anything you want...) but it is a matter of public record that the tax value of the farm is c. $850,000.

                        Sadly I already own a farm and I cannot afford to own two. I would have loved to have owned that one.

                        I hope (trust) that Keg never sees a penny of this money. I feel so badly for the old couple who got taken in by him. They had built this farm as their dream.
                        "He lives in a cocoon of solipsism"

                        Charles Krauthammer speaking about Trump


                        • #13
                          OK Debbie, post the link so that we can see the farm.

                          Was it an auction by him or by the feds for the tax liens? Federal liens do not get wiped out in foreclosure or in auctions, but if it was a federal tax lien sale, then the feds will be satisfied with what they got for the place. Meaning the buyers won't have to pay anything else if the feds sold it or agreed to the sale or a short sale.

                          I hope all the ponies find homes.


                          • #14
                            I heard that he had tore up the riding arenas to redo them and they were never done and are a mess. I haven't been down there for a long time. I guess for 452K, it would be worth putting some money into the place.


                            • Original Poster


                              Here is the link! I'm thinking he couldn't afford the taxes on it, and just went ahead and sold the place for whatever, and is going to take the money and run...


                              • #16
                                The federal lien was not for taxes but restitution to the victims in the fraud case. And no, federal liens do not go away. Actually, I believe they are first in line and I have been told there are other liens/warrants in debt.

                                Taxes aside, it takes a lot of money to run a household and farm, not to mention the cost of caring for dozens of horses/ponies. If you have no means of income and your money source suddenly stops, you don't have many options.

                                LH....you're correct, it was listed for 1.7M and the city assessment was for 850K, so it seems the new owners got a great deal. I wish them well.
                                Debbie Hanson


                                • #17
                                  Originally posted by bjd2013 View Post

                                  Here is the link! I'm thinking he couldn't afford the taxes on it, and just went ahead and sold the place for whatever, and is going to take the money and run...
                                  Thanks. Where did I see that ad? Was it in a recent coth magazine? I saw it advertised but there was no mention of the owner.

                                  Yes, federal liens don't go away without payment unless the feds agree to the sale. So will all of you get restitution? Or will this be like Madoff where the feds let his wife keep some millions?


                                  • #18
                                    There is a small (think 20m circle small) covered ring that appeared to have footing in it. The outdoor ring had jumps set but appeared to just be grass. The barn is a showplace, though. 9 stalls, 2 of which can be used for foaling. A water spigot in each stall and ceiling fans at the meeting of each 2 stalls. The apartment overlooks the foaling stalls with windows so a mare can be watched unobtrusively. Amazing skylights. Granite counters and custom cabinets in the feed room. And my favorite: PaveSafe bricks for flooring in the large open room of the barn between the 2 rows of stalls.


                                    • #19
                                      Originally posted by Anne View Post
                                      Tim Jennings was the auctioneer. the buyers were an older couple; not people I recognized by sight. I congratulate them on their lovely purchase though!
                                      I just hope Keg does not try to pull the stunt he pulled on the Turners on the "older couple" who bought the place....

                                      I think they got a nice farm and hope they truly enjoy it!!
                                      When they discover the center of the universe,
                                      a lot of people will be disappointed they are not in it...