NON-PERFORMING 1ST TD NOTE FOR SALE IN GLENVIEW, ILLINOIS
We have a non-performing, first trust deed note for sale in Glenview, Illinois. The Borrower has paid $10K three times this year to show 'good faith' while he's completing his refinance with an outside lender. The Borrower has every intention of keeping his home and settling his mortgage debt with the funds from the refinance.
This asset is in a very affluent neighborhood with an upscale country club directly across the street. Glenview is located approximately 15 miles from downtown Chicago and is considered a Suburban Village. The borrower owes over $842K and the default rate is 21%. The home is worth over $1.1M or more. This value has been verified by an expert broker selling in this community.
This note is for sale at $695K, non-negotiable and first-come, first-serve. The new investor can work out a 'pay-off' with the Borrower and negotiate a settlement amount, earning a very nice return in a short time frame. Please contact me directly if you would like more details or have any questions. Thank you!