Fully Amortized 1st TD in Pomona

Fully Amortized 1st TD in Pomona

Property Address

11442 Millstone Lane, Pomona, CA 91766
  • Loan Number: 7600
  • APN: 1013-012-37-0-000
  • County: Los Angeles
  • Appraised Value: $71,000.00
  • Purchase Price: $71,000.00 (short-sale)
  • Loan Amount: $45,500.00 (fully amortized)
  • Loan Position: 1st
  • Interest: 11.5%
  • LTV (Loan to Value): 65%
  • Term: 60 Months

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LOAN: #7600
SUBJECT PROPERTY:11442 Millstone Lane, Pomona, CA 91766 
2-bed/2-bath Manufactured Home on permanent foundation; 1008 sq ft on a 2600 sq ft lot PURCHASE PRICE: $71,000.00 (short-sale)
APPRAISED VALUE: $71,000.00  

LOAN AMOUNT: $45,500.00
TERM: 60 mos (fully amortized)
LTV: 65%

There is a late charge of 10% of the payment (after 10 days)
There is no prepayment penalty on this loan
This loan is fully amortized 

SPECIFICS: Our borrower is purchasing this property as a bank-approved short-sale, and will be marketing the property for rent at $900 per mo. This loan is fully amortized; at the end of the loan term there will be no principal owed.