NPL Alert - Foreclosure sale Set
Tampa NPL that has the sale date set. The borrower signed a consent judgment and has been entered. The sale date is set for 2/21/2018. There are several potential exits on this asset:
1) Take the asset back at foreclosure, rehab the property and then retail the property at the ARV value of $220,000.
2) Buy the loan and let it go at the auction for 150-160K
3) Buy fix and hold as a rental
We are looking for 140k and will assign the note, mortgage and judgment.
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Broker
- Paperstac
Offering