📄 Performing 1st Position Mortgage Note – BHAM Alabama
Asset Type: Seller-Financed Mortgage Note Position: 1st Lien State: Alabama (Non-Judicial Foreclosure – Power of Sale) • Unpaid Principal Balance: $110,000 • Interest Rate: 4% • Payment: $550 P&I (+ tax escrow) • Term: 6-Year Balloon • Structure: Warranty Deed + Recorded Mortgage • Property Type: SFR Rental Fully renovated property • Current Rent Income: $1,100/month • Estimated Value: $125,000 • Estimated LTV: 88% Clean documentation. Taxes escrowed. Insurance required naming lender as mortgagee. 🚨Seeking $88,000 for full purchase. 70% LTV 💰 Serious inquiries only. Due diligence package available upon request.