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dvought

Small $1M REO Portfolio Selling For 28% LTV +3

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Looking for a buyer for a $1M tape with 13 SFRs in the state of FL-1, MA-3, RI-6, VA-1, CA-3. BPO value of properties is $3.58M. Purchase price is $1M (28% of BPO) plus 3 points in commissions. Buyer proofs up by wiring his 10% earnest money ($100K) to a national escrow company. This tape will be spoken for on Wednesday, 10/22/08. Tape is available and comes from a banking institution directly to my contact.

 

Send me an email if you are interested. Hopefulhomesolutions@hotmail.com

 

Thanks.

Dawn

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