Non-Performing 2nd Lien In Tracy, CA
This property is worth approximately $430,000.00, and the first lien is $235,000.00. They are not paying the 2nd lien and its a great opportunity for a California note with a TON of full equity to foreclose on and sell, rent out, or do an AirBNB. Take it to foreclosure and take title, pay off the 1st lien, and you can own this house for a huge amount of built in equity.
- Fair Market Value (FMV): $430,000.00
- 1st Lien UPB: $235,000.00
- Unpaid Principal Balance (UPB): $50,000.00
- Arrears: $7,500.00
- Total: $57,500.00
- Total Owed: $292,500.00
- Total Equity: $137,500.00
- Price: $49,999.00
PM me for more info...
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