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Seller asking: $220,320.00 (100% of UPB)
Pricing may vary over time and is subject to Seller Approval

General Note Information
Product ID
Lien Position
1st Mortgage/Deed of Trust
Note Status
Note Type
# of Payments Last 12 Months
Paid To
Loan Maturity
Property Type
Single Family Res
Original Balance
Principal Balance
Est. Market Value
Payment Amount
Note Rate
Sold Rate
Detailed Note Information below
Order BPO
Order Title
Pay History
Sample Purchase
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Detailed Note Information
  • Note Terms
  • Note Dates
Lien Position: 1st Mortgage/Deed of Trust Amortization Type: Interest Only Loan Type: Conventional
Original Balance: $220,320.00 Current Balance: $220,320.00 PI: $0.00
Total Payment: $2,754.00 Note Rate: 15.000% Sold Rate: 15.000%
Total in Trust: 0 Unpaid Interest: $0.00
Late Charges is:
5.00% after 5 days
Unpaid Charges: $0.00 Prepayment Penalty: No Rate Type: Fixed Rate
Balloon Payment: Yes Loan Terms Modified: No Registered w/MERS: No
On Forbearance Plan: No In Foreclosure: No In Bankruptcy: No

Seller Comments:
This is a rehab construction loan on a property located in Cincinnati, Ohio. The repairs are 95% complete and the Borrower has a solid, on-time payment history. Our company originated the loan in February of 2017 and have been servicing the loan throughout the entire construction process. Lots of equity. Our appraisal of $305k is the after repair value of the property, which puts the LTV at 72%. The biggest benefit of this loan is how it is structured. The property is held in a Land Trust and the Borrower is the Beneficiary. When you purchase this note, you can either appoint yourself as Trustee (we would just transfer our position as Trustee over to you), or you can transfer the property out of the Trust. The advantage of the Trust model is that, if the Borrower defaults, you can simply remove them as Beneficiary and take the house back - without having to go through a judicial foreclosure process. It is the ultimate in Lender protection.
Origination Date: 02/21/2017
First Payment Date: - - -
Paid to Date: 12/01/2017
Next Due Date: 01/01/2018
Maturity Date: 08/21/2018
Last Payment Received: 11/26/2017
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: $ 0.00
Monthly Payment: $ 0.00 Modified: Unknown
Current: Unknown Information as of: - - -

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: - - -
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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