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Updated about 1 year ago,
Thoughts on buying this NPN?
I am considering to buy this NPN. I have been successful in buying and profiting on notes and am looking to get back into since my REO supply dried up and there's no money in flipping properties right now. I offered the seller 50% of UPB but they want closer to 80k. Seems a bit rich for me, but maybe you guys disagree?
Lien Position: 1st
Non-Performing
Note Type: Mortgage
Legal Status: Foreclosure
Unpaid Principal Balance: $85,408.00
Loan to Value: 54%
Origination Date: Mar 1, 2021
Original Balance: $87,137.00
Total Payoff: $103,006.00
Payments Remaining: 221.58
Interest Rate: 9%
Interest-Only Loan: No
Principal and Interest Payment: $791.76
Escrow/Impounds $0.00
Total Monthly Loan Payment $791.76
Last Payment Received Date: Sep 7, 2022
Maturity Date: Aug 1, 2040
Accrued Late Charge: s$694.38
Approximate Value of Property: 140k/Located in Florida