Life Estate Interest Online Only Auction!

Life Estate Interest: This is a timed online only auction that is selling the Life Estate Interest held by Billie Melohn, a 97.5 year old woman that currently resides in a care facility. A Life Estate Interest is the use/income from the property for the remainder of Ms Melohn's life, not the property itself. 
  •   Apr 30 @ 8:00am CDT (Start)
  •   Jun 9 @ 9:00am CDT (End)
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    LIFE ESTATE INTEREST ONLINE ONLY AUCTION

    Bidding closes on Tuesday, June 9th 2026 @ 10AM

    We are selling the Life Estate Interest in a farm that is legally described as:

    W1/2 NE1/4, Section 25, T90N, R35W of the 5th P.M., Buena Vista County, Iowa. WE ARE NOT SELLING THE REAL ESTATE. The Life Estate Interest is held by Billie Melohn, a 97.5 year old woman that currently resides in a care facility. A Life Estate Interest is the use/income from the property for the remainder of Ms. Melohn’s life, not the property itself. The farm is currently rented and the cash rent is $10,000 that is due in September and $10,000 due in March.

    Terms of sale: Buyer shall pay 100% of the purchase price the day of the auction and will receive a Quit Claim deed on or before June 24, 2026 that will transfer the Life Estate Interest to the purchaser.

    For questions contact:

    Green Real Estate & Auction Co.

    712-662-4442

    www.greenrealestate-auction.com

    Terms of sale: Buyer shall pay 100% of the purchase price the day of the auction and will receive a Quit Claim deed on or before June 24, 2026 that will transfer the Life Estate Interest to the purchaser. WE ARE NOT SELLING THE REAL ESTATE. The Life Estate Interest is held by Billie Melohn, a 97.5 year old woman that currently resides in a care facility. A Life Estate Interest is the use/income from the property for the remainder of Ms. Melohn’s life, not the property itself. If Ms. Melohn would happen to pass away prior to any cash rent being received for the farm the Life Estate will terminate and the Buyer of the life estate will NOT receive any cash rent from the farm.