Re-Performing 2nd mortgage with a UPB of $42,153.68 and deferred arrears of $19,201.67. Would like to sell 10 or 15 years of this note.
Note for sale, secured by single family home in Finley California. Note was acquired as a non-performing note and foreclosed on in 2014. Borrower then brought money to the table to reinstate loan and has a contract for deed to pay off this 2nd mortgage while he maintains the 1st. Has been paying on time since July of 2014.
Asset: Performing Note
Lien Position: 2nd Position / Contract
Location: Finley California
Sr Lien Status: Current
Sr Lien Balance: $139,427
Original Balance: $43,439.10 (at modification)
Interest Rate: 5 %
Amortized: 360 Months
Payments Remaining: 336
Monthly Payment: $233.35
Unpaid Principle Balance: $42,153.68
Deferred Arrears: $19,201.67 due at maturity
Note Matures: 07/01/2044
If the borrower were to pay this loan off tomorrow, the total due would be $61,355.35.
Will Sell Partial on this Note
120 Payments: $16,264.72
180 Payments: $19,443.24