Skip to main content

Anyone want to take a stab at this and give worst case/best case scenario

State: Maryland

Principal owed: $335,000

Status: Pre-foreclosure (forbearance until 5/31/2021)

Interest Rate: 4.25%

Past Due Balance: $121,462.42

Accelerated amount due listed on foreclosure doc: $415~ (late fees, back interest, attorney costs)

  • actual payoff was requested but it won't be back until the 6th of Jan

Condition: About $5k in repairs

HOA Lien: $1800 ($700 of is dues, rest is fees) / monthly HOA $125

Front Foot Past due: $3700 (includes late fees)

Potential Property Value: $390,000(pre-pandemic) -$440,000 (Nov of this year)

submitted by /u/TampaPrimer
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/knfn4g/anyone_want_to_take_a_stab_at_this_and_give_worst/

Comments