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Chris does a case study of a deal in this episode which he calls A Killer of a Deal, the reason being that the borrower was convicted and in prison for the murder of his wife. The property was a performing note, a nice little home that was acquired in June of 2017 that had an unpaid balance of $45,000 with a payoff of about $48,000 and was worth about $70,000. Chris discusses the background of the property and its modifications, as well as the lessons he learned about balloon payments. He also answers some questions about selling at auctions, putting forced-placed insurance, lowering bids, Contract for Deeds, and a lot more.
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Chris does a case study of a deal in this episode which he calls A Killer of a Deal, the reason being that the borrower was convicted and in prison for the murder of his wife. The property was a performing note, a nice little home that was acquired in June of 2017 that had an unpaid balance of $45,000 with a payoff of about $48,000 and was worth about $70,000. Chris discusses the background of the property and its modifications, as well as the lessons he learned about balloon payments. He also answers some questions about selling at auctions, putting forced-placed insurance, lowering bids, Contract for Deeds, and a lot more.
Love the show? Subscribe, rate, review, and share!
Join the Good Deeds Note Investing movement today: