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Trust Deed Investments | Available Trust Deed Investments - SFR Rental #2 in Stockton, CA
FUNDED!
LOAN: #7073
SUBJECT PROPERTY: 2604 W. Acacia St, Stockton, CA 95203
SFR with 2-bed/1-bath, 966 sq ft and single-car garage
APPRAISED VALUE: $70,000.00 (view appraisal)
PURCHASE PRICE: $66,500.00 (short-sale)
LOAN TERMS
LOAN AMOUNT: $46,550.00
POSITION: 1st
INTEREST:11%
TERM: 36 mos
LTV: 70%
There is a late charge of 10% of the payment (after 10 days)
There is no prepayment penalty on this loan
This loan contains a balloon payment
LOAN AMOUNT: $46,550.00
POSITION: 1st
INTEREST:11%
TERM: 36 mos
LTV: 70%
There is a late charge of 10% of the payment (after 10 days)
There is no prepayment penalty on this loan
This loan contains a balloon payment
SPECIFICS: EMC Mortgage is accepting a short-pay on this property; the original loan was made in 2005 for $248,000. Borrower is putting 30% down and paying all closing costs. After closing the property will be marketed for rent at $850.00 per mo.
Information Subject to Change
