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Don DeMarco
  • Note Buyer
  • Silver Spring, MD
16
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68
Posts

Non-performing note For Sale in Wynnewood OK

Don DeMarco
  • Note Buyer
  • Silver Spring, MD
Posted Jan 8 2016, 11:51

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

Offering