The buyer/borrower began a lease option on January 2023 and has made all payments on-time. We are now converting to a long term seller-financed contract for deed/bond for title. The deed may be transferred as well if the note buyer prefers this.
| Description | Amount/Detail |
| Original Sales Price | $195,000 |
| Down Payment | $25,000 |
| Original Amount Financed | $170,000 |
| Terms and Monthly Payments | 20 years with 10.5% interest rate / $1,685.27 monthly payments + taxes and insurance |
| Current Balance of Note | $168,800 |
| Payments for Sale | 1-240 |
| Estimated Value of Collateral | $230,000 |
| Property Address | 4870 N Blackstock Rd, Spartanburg, SC 29303 |
| Buyer Information | Ricardo Antonio Soc and Zoila Salvador Albino |
| Buyer’s Occupation | Electrician |
| Buyer’s Repair Cost | N/A |
| Buyer’s Time in Property | 1 year and 6 months |