69 Non-Performing First Mortgages in New York City.

69 Non-Performing First Mortgages with a remaining balance of approximately $29.6 million secured by single family residences located primarily in New York City.
All loans were originated between 2003 and 2008. The majority, or approximately 56.1% of the total UPB, were originated in 2006. The second largest grouping, or approximately 28% of the total UPB, were originated in 2007.
Sixty-three assets are already in the foreclosure process and only 6 assets are 120+ days delinquent.
Recent BPO’s indicate a value of approximately $25.5 million.
Each asset is being offered individually. Potential investors may submit offers for one asset, or groupings of assets defined by the investor. However, all offers must be broken out on an individual basis.
Call 714-606-6100 email mweahunt@gmail.com

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