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Updated over 9 years ago,
Please help, must go ASAP. Performing note under 60%
I have under contract a re-performing note under 60% of the unpaid balance. My financial partner has backed out the day before closing and I will lose money for backing out of the deal now. If you are a note investor please let me know ASAP what I should do. I am unable to fund this transaction, and any potential buyer I have is still reviewing the price points.
It is very hard to get another extension on his deal so I will probably lose it all together and my money. If you are a buyer, financial partner or temporary lender on notes PLEASE let me know. If the price points look good to you, contact me for all the info and document files.
RE-performing
Brentwood NY 11717
Asking $176,000
1st pos Original balance $405,000 created 7/2007
Current balance $308,880
Monthly pay $1,660
Note rate 9.16%
Next payment 8/01/2015
Home is area sell around $320,000-$380,000
Homeowner will be able to qualify for a re-fi in 4-10months
Have all available info, PLEASE HELP