$48,500 Note For Sale: 1st Position Western PA
Newly originated note for sale, secured by a 1st-position mortgage.
- Seller-financed first position note: $48,500 @10.0% interest
- $48,500 UPB selling for $41,225.00
- 20-year am, no balloon, with $468.04 monthly payments
- Rehabbed property in Grampian, PA, sold for $50,000 8/21/18
- First payment due Oct 1, 2018
- Buyer doesn't have good credit, but stable employment and on-time payments
- Buyer would meet ratios for a refinance once credit situation improves, based on current income and debt
Note is being serviced by FCI, and can be transferred.
Legal stuff: this is neither an offer to sell nor purchase any security. This communication isn't intended as legal nor financial or investment advice nor intended to address the objectives or needs of specific individuals. If you require legal or specific financial or investment assistance please consult your own attorney, financial planner or Trustee.
Offering