Fixing property
| Listing Information | |||
|---|---|---|---|
| Amount: | $7,000.00 | Status: | Loan created |
| Grade: | D | DTI: | 10% |
| Lender Rate: | 20% | Borrower: | arizona40 |
| Finished | State: | AZ | |
| Funded: | 100% | Group: | Investing with integrity! |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Default | Origination Date: | 2007-06-18 | EricsCC ROI: | -64% |
| Status History | |
|---|---|
| Jun 15, 2007 | Current |
| Jan 04, 2008 | Late |
| Jan 19, 2008 | 1 month late |
| Feb 19, 2008 | 2 months late |
| Mar 19, 2008 | 3 months late |
| Apr 19, 2008 | 4+ months late |
| Dec 29, 2008 | Default |
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Purpose of loan: Fixing a property that i recently acquired at a very good price in an excellent neighborhood for a fix and flip for a good profit or a fix and hold strategy (explain what you will be using this loan for) My financial situation: I am public accountant and have been working as an administrator for the last 16 years, i have learned the importance to be in a budget and wisely spend and use your money, you need to be in a positive cash flow in your everyday expenses as well as in your business (explain why you are a good candidate for paying back this loan) Monthly net income: $ 4,000.00 Monthly expenses: $ Housing: $ 1500.00 Insurance: $ 60.00 Car expenses: $ 120.00 Utilities: $ 125.00 Phone, cable, internet: $ 95.00 Food, entertainment: $ 250.00 Clothing, household expenses $ 150.00 Credit cards and other loans: $ 250.00 Other expenses: $ 250.00 |
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