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Joshua Jarvis
  • Residential Real Estate Agent
  • Hoschton, GA
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43
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Non-Performing Note For Sale - Forest Park, GA

Joshua Jarvis
  • Residential Real Estate Agent
  • Hoschton, GA
Posted Jun 26 2015, 08:10

Got a client of mine that has a note on a home off of Bermuda Drive in Forest Park. 

The mortgage amount is $40K with    payments a month. 

The home is likely worth 35K to 45K in this area.   The note is 10% with $441.42 payment but she's not made payments in over a year. 

The owner says make him an offer over $20K. 

The play looks like this, buy the note, foreclose and get a great home that could rent $650.

The owner owns it with his brother and they want the cash to fund their hospital stays.

Call 770-374-4667 to discuss.

Offering