This is a non-performing loan. Property is vacant

Homeowner has agreed to DIL
Handyman Special
SFR
Property: 3 Bedroom, 1.5 Bath
1300 sf living space
FMV: $55,000
UPB $67,189
Original balance: $55,250

Great for a rehabber

Purchase price: $14,000
Rehab costs: $18,000
DIL costs: $380
Realtor Commission: $3,120
Sell for $52,000

Profit $16,500