For

Elyria, OH.

3 Bedroom, 1 Bath, 925 SQ Feet

 

Broker Price Opinion:  $65,000.00      Unpaid Balance:  $56,280.78              Rate:  7.5%

Note Purchase Price:  $38,800.00       P&I Payment $454.49            

 

Exit Strategies

Reinstate the loan                                                      Foreclose

Cost:  $25 month servicing fee                                   Legal/Realtor fees:  $3,000.00

Misc. costs:  $1,000.00                                                Misc. costs:  $2,000

Projected Gross Profit:  $17480.78                          Minor repairs (trash-out):  $1,500

Estimated ROI:  14%                                                   Projected Gross Profit:  $19,700.00

Duration:   16 months                                                 Annual Cash on Cash Return:  51%

Duration:  6 months

 

 

The borrower has entered into a loan modification. 

After we transfer the loan to our servicer (our collection company), we will begin our loss mitigation process and attempt to keep the borrower on a repayment schedule.  We use several different strategies to help the borrower get back on their feet.  Once we receive the mortgage file, we will determine of we need to begin the foreclosure process just in case we are not able to work out a repayment schedule.

Joint venture partner is to fund this deal with $______ and will receive 50% of the profits.

 

**Estimates are not a guaranteed return.  All investments have the risk of losing some or all of the funds.  Every note deal has unique characteristics.**

 

Please follow and like us:
Deal Highlights
Area
925 ft2
Bedrooms
1
Bathrooms
3
Amenities.

.

Facebook
Facebook
YOUTUBE
YOUTUBE
INSTAGRAM