Semi Non performing RE note for sale - Miami Property- 55% LTV

[Roman M.]

Borrower wasn't paying for 6 months and just resumed payments 2 months ago.  We developed a good communication with the borrower and he wants to stay in the home. 

Unpaid Principal Balance is $67,241.40. Overdue charges and payments are $4,575.40

Monthly Payment is $430 per month consists of $391.08 Principal and interest plus re tax escrow of $37 per month.  Fixed rate of 5.5%

Property is a 1 bedroom, 1 bath single family home per property records. 

Lots of growing equity in the home as it is in highly appreciating area close to Wynwood area of Miami and Miami International Airport. 

Property valued at approximately $100,000.

Asking $55,700

We have excellent payment record keeping on this note and all original notes, assignments, etc.

Please send private message if interested and want any additional info.