This is a 3/2/2 on 0.39 acres literally in walking distance to a UT Health facility in Carthage. The house was in great shape until the son-in-law moved in and decided he would start fixing it up. Demand outweighs supply for housing in Carthage.
We have this under contract for what’s owed app. 85,426.95
The loan is 3 yrs old with an interest rate of 4.625
PITI 887.68 Principal $148.36, Interest $318.48 Escrow T & I $420.84
Arrears 3500-4500
To seller at closing $2500
Assignment fee: 10,000
Rehab est 25-30K ( roof, fascia, exterior paint, flooring, drywall repair, possible plumbing, cleaning)
We est the ARV to be at $149,000
We have an anticipated closing for May 31st.
I have all the homeowners paperwork and access to her mortgage account ( Guild Mortgage)