|Sent on:||Tuesday, December 29, 2009 1:16 PM|
I have a defaulted first lien for sale on a Phoenix property that is need of some repair. The property was in a rehab and the homeowners have run out of funds. Current comps on the property show an as is value of $40-50K with an after repair value of $80-90K. This first lien can be yours for a cash price of $15K. The home does need some major work but is still a deal for days at these numbers.
Current Unpaid Balance of $127,000
Banks BPO came in at $22K in 8/2009
Defaulted by 210 days/7 months
Note rate is currently at 9.63%
Property address is 1926 W Holly, Phoenix, AZ
The property is vacant and the homeowners are Spanish speakers. You can either foreclose on the property, deed in lieu, or do a loan modification to the home owners. I have a copy of the current Deed of Trust and updated Title Policy for your review.
If you are interested, please contact me directly at [masked] or at [address removed].
Yours in Success,
Inverse Investments, LLC
Turning Problem Properties Into Profitable Solutions