Offer just submitted for this distressed note in Dallas, Texas!
This property is a SFR, 1350 square feet, 3 bed and 2 bath. It is owner-occupied with the owner currently making some payments, but not current. Unpaid balance of the note is $108,500, which includes missing payments and late fees. Fair market value for the property in its current condition is $220,000+.
We are purchasing this note with the stategy to get the owner current and re-performing. As a last resort we could also foreclose on the property and sell.
We are looking for a funding partner to fund this transaction at $60K (which includes purchase, servicing, and possible foreclosure costs) for a term of 12-24 months with an above-adverage return on your investment. Elligable for self-directed IRA funding!
If you are interested in getting more information about this opportunity or have any questions, please email me directly at jburcher@inmotionfunding.com or text me at (314) 420-2343.
