Note for Sale: Seasoned Re-Performing 2nd – California For Sale

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

Finley, California
For Sale
Property Type:

Additional Features

This is a Seasoned Re-Performing 2nd Mortgage, we are not selling the house.

Call 913-735-0018 for more details

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