Non Performing note fair offer?
I am unfamiliar with nonperforming note acquisitions and would appreciate any advice or insight from seasoned note buyers on a current note I hold. What would a fair offer be for a non performing note with the following criteria:
loan amount 195k
down payment: 25%
Interest rate: 10%
five year balloon
amortized over 30
originated 6/15/2018
no payments made by borrower (45 days late today)
licensed servicing company in place
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Broker Texas (#529791) and TX (#0529791)
- 713-492-5700
- https://www.thisislivintexas.com
- [email protected]
- Podcast Guest on Show #2