Non-performing note For Sale in East Carondelet, IL

[Don DeMarco]

This is a non-performing loan. Property is vacant

SFR
Handyman Special

Property: 3 Bedroom, 1.5 Bath
1300 sf living space
FMV: $55,000
UPB $67,189
Original balance: $55,250
1st Lien position Great for a rehab project:
Purchase price: $14,000 OBO
Rehab costs: $20,000
Foreclosure costs: $4,000
Sell for $55,000
Profit $17,000

Purchase price: $14,000