Joe Ullrich
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Cincinnati, OH
2Bedroom(s)
1Bathroom(s)
1Picture(s)
968Sqft
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.
$36,273
Dayton, Ohio
4Bedroom(s)
2Bathroom(s)
1Picture(s)
2,080Sqft
- Contract For Deed
- UPB: $ 27,848,30
- BPO: $ 30,000.
- P&I: $ 248.14
- Last Date Paid: 6/17
- 4 bed/ 2 bath 2080 sqft.
- Rent Rate: $ 760.
- Price Paid: $ 6,962.
- Date Purchased: 4/10
- The borrower has agreed to sign a cancellation of contract. We have a realtor overseeing clean out and sale of the property.
$27,848
Indianapolis, IN
3Bedroom(s)
1Bathroom(s)
1Picture(s)
1,100Sqft
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).
$51,434
High Point, NC
3Bedroom(s)
1Bathroom(s)
1Picture(s)
1,100Sqft
UPB: $47,652
BPO: $35,000
P&I:$535
Last Paid Date: 10 months
3 Bed/ 1 Bath 1100 SqFt
Rent Rate: $800
Purchase Price: $18,500
Purchased Date: December 2017
Borrower signed Cash For Keys on this CFD for $500 in January 2018.
Property was put on market for $35,000 in January. Cash closing in 2 wks for $37,000. Our all-in was $23,500.
ROI: 64% After realtor fees, taxes etc.
$47,652