UPB: $51,434
BPO: $30,000
P&I:$475
Last Paid Date: 3 yrs behind
3 Bed/ 1 Bath 1,100 SqFt
Rent Rate: $550
Purchase Price: $7,000
Purchased Date: June 2017
Borrower was not interested in property but could not do a DIL because property had a 2nd mortgage on it.
Foreclosure sale held in June 2018 (took year because title issue which we had title insurance). We bid $30,000 at auction and property sold for $30,100
ROI: 114%.