Well seasoned performing note/CFD at 46% LTV. Buyer put 36% down!

[John C.]

We are offering a 1st position 7% 10 year contract for deed at 46% 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. We sold it a few years ago when the market was tough. The owners will most certainly carry the note to term. Besides the huge down payment they have done substantial work to the interior.

John Clark

(678) 221-4687

[email protected]