Loan amount
$227,000
Loan type
Refinance {Cash-Out}
As-Is Property Value
$680,000
LTV
33% {LTV}
Property type
Single Family
Borrower Details
Credit score
691
Deal experience
None
This loan scenario was submitted by a Broker
No
Property Details
City
Plano
State
Texas
Loan Details
Current mortgage balance
$135,854
How much cash-out are you looking for?
$91,000
Additional Loan Information
I'm the original owner, purchased in 1998. It's scheduled for foreclosure, December 5, 2023. It's a typically large home (3455 sqft) for the area, on a larger than average interior corner lot. 5 bedrooms, (Primary bed downstairs), 4 full baths, 2-car attached garage, Study, Library Loft, separate formal Dining and Living Rooms, 2-story foyer, Family Room and Kitchen/Breakfast room. Dual-zoned Trane HVAC systems, (May 2016), dual 50 gal. water heaters. 10 ft+ ceilings throughout. There are no encumbrances on the property other than the 1st mortgage lien holder. The title is clear. Looking to 1) pay off 1st lien holder quickly to avert foreclosure, and 2) rehab/upgrade cosmetics to achieve max sales price at completion in 6 months by June 2024.
Status
Created
November 22, 2023 - 4:00pm

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