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Updated over 7 years ago on . Most recent reply

User Stats

103
Posts
22
Votes
John C.
  • Rental Property Investor
  • Suwanee, GA
22
Votes |
103
Posts

Value-1st position 7% 10 yr CFD, 46% LTV, just under 8 yrs left?

John C.
  • Rental Property Investor
  • Suwanee, GA
Posted

Hello all, 

When selling a note what is the best way to determine value? 

The note is a 1st position 7% 10 year contract for deed at 56% LTV with 7 years and 10 months left.

Details:

Original purchase price: $138,000

Down Payment: Buyer put about 36% down ($50,000) 

Monthly payment: $1021.75 plus taxes and insurance. Has paid on time every month. 

UPB $74,359.00. Collateral value $160,000+. About 46% LTV.

House being financed is a brick front approx 2k sq ft lakefront home in Lilburn Georgia.

TYIA!

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