Non -performing note opportunity

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  • Hello from Austin!
    I hope you’re doing well in Panama!

    If you know anyone who might be interested in this non-performing note, will you please forward it? Someone could probably take it and run with it…

    Take care,

    4125 EASTER AVE.

    Dallas, TX 75216

    This is a distressed note that is ready for possible foreclosure.


    Current balance: $44,044.62

    Sale price of the property: $61,500

    Down payment: $1,500

    Note amount: $60,000

    Date of sale: Mar 29, 2014

    Term: 20 years

    Interest: 9%

    First payment: May 1st, 2014

    Total monthly payment: $694.84

    Principal and interest: $539.84

    Tax escrow: $75

    Insurance escrow: $80

    (These have never been updated)


    LeRoy Price

    Oletha Cary


    Laura Akers, Sterling Jarvis, Inc.


    Estimated value:

    Zillow – $128,000

    Redfin – $108,000

    Tax assessment – $70,000

    The house is owner occupied.

    Built 1945

    1,248 sq. ft.

    3 bedrooms

    2 bathrooms

    2 stories

    Pier and beam


    Central heat and air

    Very big lot with concrete slab in the back.


    Outstanding taxes $3758.86 will be paid by the note buyer.

    Insurance will be secured for the Owners by the note buyer.

    Legal work will be the expense of the note buyer.

    Title company and closing costs will be the expense of the note buyer.


    Please email inquiries and offers to Laura Akers at [email protected]

    Please make offers that include the expenses listed in the conditions above.

    Texas Real Estate Commission Consumer Protection Notice

    Texas Real Estate Commission Information About Brokerage Services


    Laura Akers

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