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Updated over 7 years ago on . Most recent reply
Value-1st position 7% 10 yr CFD, 46% LTV, just under 8 yrs left?
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!