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OFF MARKET Distressed Assets

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Photo
Property TypeSingle Family
LocationCerritos, California
TitleDefaulted Single Family Home on Nice Corner Lot Located in Cerritos
Summary

Defaulted Single Family Home on Nice Corner Lot Located in Cerritos, Ca

Details

Property consists of a single story home located in desirable area on a corner lot with large rear yard for entertaining. The interior has been upgraded with new kitchen along with new copper plumbing and AC unit and more. Plus features automatic roll up garage and all new double pane windows.

Note Details

Original Loan Amount $430,000
Interest Rate 7.38%
Due to back taxes and 56 days past due, plus slow payments the maturity date can been accelerated
Original Maturity Date 11/2045
Appraised Value at $1,050,000
Over $700,000 in potential upside

Current Unpaid Balance$369,837.00
Date UpdatedDecember 16, 2024