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.
Thoughts or suggestions for learning materials?
what is the fmv of subject property?