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Under contract-accepting backup offers. This REO foreclosure property features 1. 87 acres of land, presenting a valuable investment or storage opportunity. While there is an unsalvageable mobile home on site, the land itself provides options for serious long-term buyers. The bank is reviewing all offers in the next 10-15 days. The property has been cleared of trash and personal items, but caution is still advised when viewing, as small hazardous objects may remain. We do not recommend entering the deteriorated mobile home. A lockbox on the front door provides showing access- please use the provided link to submit offers and direct any questions my way. I look forward to assisting you.
All offers must be submitted online. Please use this link http: //www. spsreo. com/Property/Listings/CWK1
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Our Executive Mortgage Banker:
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William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $141,440 | $141,440 | $141,440 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.375% | 6.875% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.995% | 7.037% | 6.046% |
Monthly Tax Payment | $402 | $402 | $402 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $882 | $929 | $1,175 |
Total Monthly Payment | $1,359 | $1,406 | $1,652 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.