𝗣𝗥𝗢𝗣𝗘𝗥𝗧𝗬 𝗗𝗘𝗧𝗔𝗜𝗟𝗦 :

– Texas City, TX 77591 (SE Houston)

– Single Family

– 4 Bed, 2.5 Bath

– 1,832 Square Feet

– Built 2021

– No HOA

– LTR Rate $1,800

𝗦𝗨𝗕𝗝𝗘𝗖𝗧 𝗧𝗢 𝗗𝗘𝗧𝗔𝗜𝗟𝗦 :

– 30 Year Fixed

– Loan Type: FHA

– 5.5% Interest Rate

– Subject To Mortgage Balance of $230,106

– 5 Default Payments (Totaling $10,908 as of November)

– Escrow Shortfall $3,984.45

– PITI on Mortgage of $2,160.41

– PITI will reduce to $1,893.96 once Escrow account is brought current

𝗧𝗘𝗥𝗠𝗦 :

– Entry Fee of $23,068 + Closing Costs + TC Fee

– Entry Fee Breakdown:

• Mortgage Arrears: $10,908 as of November
• December Payment: $2,160.41
• Assignment: $10,000

– Entry of 10% of As-Is Value ($230,000)

𝗘𝗫𝗜𝗧 𝗦𝗧𝗥𝗔𝗧𝗘𝗚𝗬:

• Wrap, Homestead, Padsplit, MTR, STR

𝗦𝗨𝗠𝗠𝗔𝗥𝗬 :

– $230,106 Mortgage Balance (Taken Subject To)

– Entry Fee of $23,068 + Closing Costs + TC Fee

– EMD: $5,000 Non-Refundable

– COE: 11/29

– Total Entry of 10% of As Is Value (Including Assignment & Arrears)

If you are interested in buying, PLEASE MESSAGE ME DIRECTLY (713) 210-9793!