Updated almost 11 years ago on . Most recent reply
Pricing Subject-to mortgage notes
I just purchased a subject-to property and sold it with a mortgage wrap to a second buyer, so I'm wondering how I would value the note and my position. The stats are: Sold wrap price 185k: Down payment 30k (balance 155K), finance 8%. Subject-to balance 141k, interest 4.625%, 30 years fixed, originated in 2013.
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