The Burr Oak Cemetery Auction is Scheduled for auction on April 26th 2010. Right now there is newly formed company who has made bid on Burr Oak Cemetery, The biding firm is Cemecare. Perpetua is the company going bankrupt in US Federal Bankruptcy Court.
The bid consists of:
$25,000 dollars for Burr Oak Cemetery(105 acres). In all likelihood this will become an historical cemetery and there will be few or no burials there.
$250,000.00 dollars for Cedar Park Cemetery(90 acres). This will be a fully operational cemetery.
The offer accepted last week calls for Cemecare to pay $25,000 for the 105-acre Burr Oak Cemetery and $650,000 for the 90-acre Cedar Park Cemetery, Korenthal explained.
Korenthal said while Cemecare’s offer has been accepted another buyer could still purchase the cemeteries if their bid exceeds $675,000 at a scheduled April 26 public auction.
“The properties will go to the highest bidder, so if an offer comes in at $1 million then Cemecare would have to make a higher offer to acquire the properties,” Korenthal told the Defender. “But whoever ends up buying Burr Oak they would not be responsible for the civil lawsuits that have been filed.”
Funeral Industry|Funeral News| Funeral blog by Your Funeral Guy, Funeral Director, Illinois and Virginia.