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Defaulted Note for sale on 15 Unit in Oakland GOES TO SALE ON 10/20

Buyers, heres a great deal on a BEAUTIFUL MF in Oakland

Loan balance 886,000

Rate 7%

Taxes are current

Value is about 1.3m

Rents are about 950 per unit

The note owner is an investor who used to own properties in Oakland and doesn't have the appetite to be a landlord again. So, he is interested in selling this before the sale date. He told the borrower to do a short sale, but borrower refused. The borrower had put in alot of money to purchase and fixed things in the past few years and is refusing to sell.

Note Seller will sell at about 20% off UPB. If the seller figures a way to refi or sell before the sale date = a very healty quick return.

SALE DATE IS 10/20

BUYERS OR DIRECT REPS ONLY PLEASE, THX...