Updated almost 13 years ago on . Most recent reply
Non Performing Loans For Sale
Our firm is currently selling a pool of 14 non performing loans, located mainly in the Dallas-Fort Worth area, but contains other single asset states and cities. We will liquidate all of these loans this month, ideally in one or two trades.
Interested parties can contact me directly and will be required to execute a Non Disclosure Agreement prior to receipt of any pool data.
The BPO values are from December 2012.
The pool has a "Buy It Now" price of $466,056.05
(58.05% of BPO / 47.16% of UPB)
Weighted Averages:
WA UPB $77,477
WA BPO $65,875
WA LTV 156.28%
State Geography:
State Loan Count UPB ($) UPB (%) BPO ($) BPO (%)
IN 1 50,666 5.13% 19,000 2.38%
KY 1 51,573 5.22% 49,000 6.15%
NC 1 52,000 5.26% 22,000 2.76%
OH 1 67,196 6.80% 30,000 3.77%
OK 1 47,560 4.81% 30,000 3.77%
SC 1 48,632 4.92% 20,677 2.60%
TX 8 670,519 67.86% 626,000 78.58%
Grand Total 14 988,146 100.00% 796,677 100.00%
All real property is Single Family Residences, 1 is currently vacant, 13 are Occupied.
11 Primary Residences, 1 Non Owner Occupied and 2 Unknowns.
Our closing will be before the end of the month Jan 2013. This offer is on a first come first serve basis. The bidding pool data includes our BPO reports for review. No fade or contingency bids will be accepted.
If you have any interest, please feel free to contact me and send me your email address so we may forward out the NDA and then pool.
If you have any questions, feel free to ask here or in private.
This will be the first of many pools we liquidate in 2013. We are always interested in competent and capable counter-parties to develop on-going business relationships with.