Foreclosure Investment

| Listing Information | |||
|---|---|---|---|
| Amount: | $24,000.00 | Status: | Withdrawn |
| Grade: | AA | DTI: | 50% |
| Lender Rate: | 16% | Borrower: | frugal12 |
| Finished | State: | AZ | |
| Funded: | 4% | Group: | (No Group) |
|
Purpose of loan: This loan will be used to? Invest in foreclosure or another property that I deem worth investing in. Being 'in' the business gives me a slight edge. There are enough out there now that I pick only those that will be worthy of my money and time; and your money too. Buying the home is not a problem; fixing it may be the reason for this. It's your money and I realize that! My financial situation: I am a good candidate for this loan because? "Never give up!" has been what got me to this outstanding credit rating and I will not lose it. One credit card is at 1.9%; why should we pay it off ($50.00/month). Another credit card is @ 4.9% (600.00/month). Already in 2008 I have earned 50% of last years income!!! My goal is to reach $100,000.00 this year. We have an avalaible line of credit (zero balance) greater than this entire loan for less percentage. We just paid May 2008 ($1,300.00/month) for our mortgage (that's a different lesson). The more I write, the less I want this loan!?! No auto payments at all. One credit card we pay off EVERY MONTH. $1,000.00 to live and $1,000.00 business are approximate. I encourage questions. I am a grandfather and am too old to kid around; but a good joke and a smile go a long way! Minnesota was a wonderful place to grow up and building snowmen is not my idea of recreation now. |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 279596 | Share the Real Estate - AA credit | AA | $25,000 @ 25% | Feb 14, 2008 | Loan created |
| 316438 | Very Safe!!! Present LENDER expanding portfolio. | AA | $24,000 @ 12% | Apr 26, 2008 | Expired |
| 324797 | ON VACATION! You Help Us Decide | AA | $24,000 @ 7% | May 05, 2008 | Withdrawn |
| 335005 | Very Safe! LENDER with Prosper | AA | $8,888 @ 9% | May 20, 2008 | Expired |
| 358415 | Lender Will Pay You or Bank - 17%DTI | AA | $12,300 @ 10% | Jun 27, 2008 | Withdrawn |
| 359173 | No DQ's! Vested interest! No Risk! Why lend? | AA | $9,990 @ 10% | Jul 11, 2008 | Withdrawn |
| 371321 | Zero DQ's! 27% DTI, 110% Vested = No Risk!!! Why not? | AA | $25,000 @ 17% | Oct 15, 2008 | Cancelled |
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