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Wholesale Lead - Posted on Sunday, May 07, 2006
Address of the property:
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City/State/Zip:
County:
Is The Property Currently Listed With A Realtor:
Type Of Property:
Number Of Bedrooms:
Number Of Bathrooms:
How Many Square Feet Is The Property:
Please List Any Other Features Of The Property:
This is actually a mortgage note I'm willing to sell that will give a minimum 20% return to the buyer. Note is secured by a valuable piece of land in the middle of a rapidly growing subdivision. Contact me for details.
The Property Is Currently:
Does The Property Need Any Repairs:
What Repairs Are Needed:
n/a
Estimated Expense of Repairs:
Estimated Value Of The Property After All Repairs(ARV):
How Did You Arrive At This Value:
Please Describe The Terms Of Sale To Other Investors:
This is a single balloon payment note due by October 13, 2006. Balloon payment is $84,420 regardless of whether borrower pays early or not.
Your Asking Price:
Total Mortgage Balance:
Total Monthly Payment Amount:
Are The Monthly Payments Current:
List Any Other Liens Against The Property:
I hold 1st position, no other liens. Mortgage has alienation clause where I can call it due if borrower tries to sell off any interests or create other liens against the property.
Please Provide Us With Any Other Information You Think We Should Consider:
This is equivalent to a hard money loan in that I'd rather have the land than have the borrower repay me. They put down $22,000, I financed $67,000, and they now owe me $84,420 by Oct 13, 2006. They needed cash fast before their contract with the seller expired.
Seller's Contact Information:
Name :
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Phone :
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8877 North 107th Ave, Ste 302-237 Peoria, AZ 85345
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