investment property
| Listing Information | |||
|---|---|---|---|
| Amount: | $25,000.00 | Status: | Loan created |
| Grade: | B | DTI: | 13% |
| Lender Rate: | 18% | Borrower: | wnichols00 |
| Finished | State: | CA | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Default | Origination Date: | 2007-06-01 | EricsCC ROI: | -24% |
| Status History | |
|---|---|
| Jun 01, 2007 | Current |
| Dec 19, 2007 | Late |
| Dec 29, 2007 | Current |
| Oct 18, 2008 | Late |
| Nov 02, 2008 | 1 month late |
| Dec 02, 2008 | 2 months late |
| Jan 02, 2009 | 3 months late |
| Feb 02, 2009 | 4+ months late |
| Feb 03, 2009 | Default |
|
Purpose of loan: I am buying an investment property that is a REO for 540,000 which then I am going to sell at a price of 640,000. I all ready have the buyer and his loan in place. The REO dept is asking me to put in 25,000 for a deposit. I have my loan allready in place just need the money for 3-4 weeks. If the investor wants to make a better ROI I can agree to pay them back over time. My financial situation: My credit and my job. I have great income and I have never been late on my payments. I am 29 years old and am a mortgage loan officer and realtor. So I highly understand the value of having good credit. Monthly net income: $ Gross $14,000 net $9,000 Monthly expenses: $ Housing: $ 2100 Insurance: $ 490 Car expenses: $ 0 Utilities: $ 50 Phone, cable, internet: $ 200 Food, entertainment: $ 600 Clothing, household expenses $ 100 Credit cards and other loans: $ 890 Other expenses: $ |
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