Note Buyer · Silver Spring, MD · Member since 2015 · 70 posts · 18 votes
This is a Single Family Home located at 831 Lincoln St. Babson Park, FL 33827. Property is a one story Rambler. The lot size is .42 and was built in 1961. Property is in Babson Park, Polk county, FL.
Homeowners have lived in this home for 18 years and they want to stay, they fell behind on their payments due to extended medical problems which forced Husband to stop work and wife was forced to stay at home to help out. They are both working again, part time to pay all their expenses.
Pick up this performing note and get a 14.1% cash on cash return. Modification was completed and Homeowner has been paying on time since February 1, 2015 (12 mo.)
FMV of Property is estimated at $46,900 Zillow Value $47,094 The UPB is $49,755 (New Mod. Amount) Current Interest Rate 8.93% Loan Term 30 yr fixed 1st Lien positionMonths left in term 348 Monthly Payment 400.00 Property Taxes $353.06 yr. Original 1st payment date 3/1/97 Next payment due date is 2/1/16Property is occupied by homeowner Purchase this performing note and get a 14.1% cash on cash return.