Land Contract Elmira, NY
Note Purchase Summary
Property Details
Estimated Market Value: $36,000
Address: Will Disclose To Potential Buyers
City: Elmira
State: NY
County:Chemung
Metro Area:Elmira
Seller Financing Details
Name: Will Disclose To Potential Buyers
Financing: 30 Year Mortgage
Bank Name:JP Morgan Chase
Remaining Loan Amount: $19,280.60
Interest Rate: 9.5%
LTV:55%
Buyer Financing Details
Name:Will Disclose To Potential Buyers
Credit:Never pulled credit, family friend that my parents knew., but he has tried to refinance with loan a couple of times and has been denied. Not sure if has a checking account even.
Pay History: Never has exceeded 30 days late, and mostly pays with 15 days. Often makes small extra principle payments.
Financing:Land Contract
Bank Name:N/A
Original Loan Amount:$39,500
Original Down Payment: $1,000
Original Payments: 240
Original Interest: 9.5%
Remaining Loan Amount: $31,328.30
Remaining Payments:143
Current LTV: 87%
Seller’s Offer
Offered Purchase: $27,000
Offered LTV: 75%