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Seller asking: $16,299.46 (83% of UPB)
Pricing may vary over time and is subject to Seller Approval
 

General Note Information
Product ID
0072208
Lien Position
2nd Mortgage/Deed of Trust
Note Status
Performing
Note Type
Conventional
# of Payments Last 12 Months
12
Paid To
02/01/2018
Loan Maturity
03/01/2036
Property Type
Single Family Res
Original Balance
$22,300.00
Principal Balance
$19,637.90
Est. Market Value
$147,400.00
Payment Amount
$195.70
Note Rate
10.000%
Sold Rate
10.000%
Detailed Note Information below
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Detailed Note Information
  • Note Terms
  • Note Dates
  • Senior Lien
Lien Position: 2nd Mortgage/Deed of Trust Amortization Type: Fully Amortized Loan Type: Conventional
Original Balance: $22,300.00 Current Balance: $19,637.90 PI: $195.70
Total Payment: $195.70 Note Rate: 10.000% Sold Rate: 10.000%
Total in Trust: 0 Unpaid Interest: $391.40
Late Charges is:
5.00% after 15 days
Unpaid Charges: $0.00 Prepayment Penalty: No Rate Type: Fixed Rate
Balloon Payment: No Loan Terms Modified: No Registered w/MERS: No
On Forbearance Plan: No In Foreclosure: No In Bankruptcy: No



Seller Comments:
Performing loan. Low CLTV. Borrower is behind two payments going back to 2015 and 2016, but perfect since then. Buyer could likely pick up the two payments upon demand. 18 years left on maturity means over $40k in payments yet to be collected.With a 10% coupon, and a 17% discount to UPB, at the offering price a buyer would have a cash on cash yield of 14.4% in year 1, 16.8% in year 2, 20.25% in year 3, and 15 more years after that to collect. At $2348/yr in income you get you money back late in year 6, with more than 12 full years remaining to collect. Total of all remaining payments is over $42k. The counter above is more than fair and our final offer. Thanks for looking.
Origination Date: 02/09/2006
First Payment Date: 04/01/2006
Paid to Date: 02/01/2018
Next Due Date: 02/01/2018
Maturity Date: 03/01/2036
Last Payment Received: 01/07/2018
# of Payments Last 12: 12
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: $ 81,204.65
Monthly Payment: $ 0.00 Modified: Unknown
Current: Yes Information as of: 01/12/2018


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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