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
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.**
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