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Seller asking: $140,000.00 (70% of UPB)
Pricing may vary over time and is subject to Seller Approval
 

General Note Information
Product ID
0071558
Lien Position
2nd Mortgage/Deed of Trust
Note Status
Non Performing
Foreclosure
Note Type
Other
# of Payments Last 12 Months
0
Paid To
08/10/2015
Loan Maturity
12/10/2015
Property Type
Single Family Res
Original Balance
$200,000.00
Principal Balance
$200,000.00
Est. Market Value
$900,000.00
Payment Amount
$0.00
Note Rate
15.000%
Sold Rate
15.000%
Detailed Note Information below
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Detailed Note Information
  • Note Terms
  • Note Dates
  • Senior Lien
  • Foreclosure
Lien Position: 2nd Mortgage/Deed of Trust Amortization Type: Interest Only Loan Type: Conventional
Original Balance: $200,000.00 Current Balance: $200,000.00 PI: $0.00
Total Payment: $0.00 Note Rate: 15.000% Sold Rate: 15.000%
Total in Trust: 0 Unpaid Interest: $0.00
Late Charges is:
$0.00 after 0 days
Unpaid Charges: $4.00 Prepayment Penalty: No Rate Type: Fixed Rate
Balloon Payment: Yes Loan Terms Modified: No Registered w/MERS: No
On Forbearance Plan: No In Foreclosure: Yes In Bankruptcy: No



Seller Comments:
New Construction. Property was listed for sale March through June of this year, but asking price was too high. Look up address on MLS or Zillow to see listing and photos. Property is 95% complete but needs final and certificate of occupancy. 1st TD in place original amount $425,000 due about $ 600,000 at this time. Should be negotiable. Borrrower got $200,000 from me on a 4 month note to complete the new construction but ran into problems with the driveway retaining wall construction and approval from the city. This has all since been resolved and the work has been completed. He appears to have abandoned property since he is now in Peru and no work is being done here. I filed foreclosure and can postpone it August 14, 2017. I would prefer to sell the note at a discount and be done with this. Auction sale date is coming up August 15, 2017.
Origination Date: 08/10/2015
First Payment Date: - - -
Paid to Date: 08/10/2015
Next Due Date: 08/10/2015
Maturity Date: 12/10/2015
Last Payment Received: - - -
Note Payment Amount: $0.00
Tax Portion: $0.00
Insurance Portion: $0.00
Trust Balance: $0.00
1st Trust

Lien Position: 1st Trust Deed/Mortgage Principal Balance: $ 425,000.00
Monthly Payment: $ 0.00 Modified: Unknown
Current: No Information as of: 08/07/2017


2nd Trust

Lien Position: 2nd Trust Deed/Mortgage Principal Balance: $ 0.00
Monthly Payment: $ 0.00 Modified: Unknown
Current: Unknown Information as of: - - -
BK Discharge Date: - - -
BK Chapter: None
BK Dismissal Date: - - -
BK Filing Date: - - -
Date Opened: 07/12/2017
Schedule Sale Date: - - -
Draw Period Start Date: - - -
Repayment Period Start Date: - - -
Current Index Name:
Margin: - - - %
Ceiling: - - - %
Floor: - - - %
Next Adjustment:
Adjustment Frequency: 0   Months

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