Performing note for sale - 12 miles from Downtown Austin
I am listing this for a family member. If you have a serious offer, PM me your contact info and I will have my family member contact you directly. No low ball offers, this is a good deal with pretty much no risk.
100% Performing note since it originated on 11/03/2006.
Originated via a house sold via Owner Finance.
Property address:
11801 Arrowmound Pass
Del Valle, TX 78617
Built in 2004
1117 Sq Ft
3br/2bath.
house is in great condition
Home Currently worth: $120,000 (Conservative, probably closer to 125-130K)
Based off of current/pending MLS listings in the neighborhood. I dont have access to sold comps but I think this is pretty accurate if not conservative. The house is 12 miles from downtown austin and less then 1 mile away from the Circuit of the Amerias track where they host F1, MotoGP, X Games and music shows. As you already know, Austin is HOT!!
LTV = 78% (based on 120k)
Current Unpaid Principal as of 06/01/2015 right around 94k, will get exact payoff from servicer soon.
Price: $89,500
UPB: 95%. Price is firm.
Payments made: 117 Since 12/01/2006
Interest Rate: 9.10%
Term: 30 year mortgage
Current Mortgage payment: $1126.86
Escrow is included in this loan payment
Note servicer:
Evergreen Note Servicing
Amount owed on underlying mortgage: $78,567
This will be paid off with the sale.
House is currently rented out until 4/30/2016
Current owner is not wanting to refinance. Owner does not want to sell.
All legal note documents were provided by a real estate lawyer in Austin, TX.
Let me know if you need additional information.