UPB: $36,273
BPO: $60,000
P&I:$324.70
Last Paid Date: 12 months default
2 Bed/ 1 Bath 968 SqFt
Rent Rate: $700
Purchase Price: $14,900 (38% of UPB)
Purchased Date: May 2018
After bid acceptance, found out seller had already worked out this CFD. Borrower had made $2000 pmt to seller. Seller originated a new CFD to replace the one in 2011, so no foreclosure required if it becomes delinquent again.
All 3 payments received so far.
ROI: 80%+ (after sale of note in 12 months)