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Alexander A.
  • Investor
  • Indianapolis, IN
82
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143
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Performing note for sale - 12 miles from Downtown Austin

Alexander A.
  • Investor
  • Indianapolis, IN
Posted Jun 9 2015, 17:03

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.

Offering

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