Mountain View Townhouse

Mountain View Townhouse

Property Address

427 Mountain Laurel Court, Mountain View, CA 94043
  • Loan Number: 7709
  • APN: 150-54-045
  • County: Santa Clara
  • Appraised Value: $850,000.00 (Dec 2013)
  • Loan Amount: $406,000.00
  • Loan Position: 1st
  • Interest: 9.25%
  • LTV (Loan to Value): 48%
  • Term: 36 Months

View Appraisal

Download

Specifics

SUBJECT PROPERTY: 427 Mountain Laurel Court, Mountain View, CA
3-bed/2.5-bath Townhouse; 1418 sq ft with fireplace and 2-car attached garage


APPRAISED VALUE:
$850,000.00 (Dec 2013)
LOAN AMOUNT: $406,000.00

POSITION: 1st

INTEREST: 9.25%

TERM: 36 mos

LTV: 48%

 

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:  Our borrower and her husband purchased the subject property in 2005 for $728,000. They have since divorced, and we are paying the existing mortgage and removing his name from title as ordered by the court. There is no cash-out; this is only a refinance.  The borrower's mid-FICO is 695, and the property is currently rented for $3400 per mo.