Wednesday, May 16, 2007

1940 East Vassar Avenue

A lucky flipper is getting a great deal.
This home is in a trendy neighborhood and is ON SALE!
First Mortgage from 09/22/2004 $340,000, start rate of 6.57% adjusting upward
Second Mortgage from a private party 10/26/2005 $69,500(bandaid loan) didn't seem to help.
Total debt $409,500 thanks to a couple of lier loans..

Sales price under $300,000
1,900sf, 3 bed, 3 bath, huge garage, great potential.

1 comment:

incessant_din said...

And to think, we're just beginning this correction.

Keep up the good work.