Houston: June 2015

1st Liens

4 Bed/2 Bath SFR

Details:• 1,412 sq ft, built in 2006• FMV: $102k• Accidental deal

Resolution:• Purchased for $49,000 on 12/11/14• SFR sold at foreclosure sale 12/23/14 for $90,100

1st Lien: FC in Lehigh Acres, FL

83.9%Cash-on-Cash ROI in 11 days

1 Bed/1 Bath Condo

Details:• 750 sq ft, built in 1964• $34k BPO/$32k UPB at acquisition• Purchased for $14,500• Deceased borrower

Resolution:Began foreclosure process but received a short payoff of $21,500

1st Lien: Payoff in Vero Beach, FL

29.7%Cash-on-Cash

ROI in 5 months

3 Bed/1.5 Bath SFR

Details:• 1,220 sq ft, built in 1960• $68k BPO at acquisition; $59k UPB• Purchased for $32,400• Taxes due - $7,423• Vacant

Status:Foreclosure underway

1st Lien: FC in Fort Wayne, IN

46%Projected

Cash-on-Cash ROI

2 Bed/1 Bath SFR

Details:• 850 sq ft, built in 1958• $39,500 value at purchase; $121k UPB• Purchased for $15,840• Injured at work • Disability pmts began February 2015

12-Month Trial Mod:• $1,000 plus $100/mo for 12 months• Original $258.40/mo P&I payment• 1st payment March 2015

Status: • Made arrearage pmt in February• Missed March payment• April - June pmts on time

1st Lien: Mod in New Port Richey, FL

2nd Liens

1 Bed/1 Bath Condo

Details:• 759 sq ft, built in 2006• $996k BPO at acquisition• Current taxes• 2nd lien UPB of $79k• Purchased for $10.5k• Sold as current on 1st with UPB of $623k

Status:• 1st and 2nd are both foreclosing • Owner that both liens are fraudulent

2nd Lien: Foreclosure in NY, NY

2 Bed/1 Bath SFR

Details:• 864 sq ft, built in 1960• $24.5k BPO at acquisition• $23k UPB• Purchased for $2,500• $1,400 in taxes due

Status: • In foreclosure• Actually a standalone 2nd

2nd Lien: FC in Michigan City, IN

4 Bed/1 Bath SFR

Details:• 1,397 sq ft, built in 1961• $46.6k BPO at acquisition• $23k UPB• Purchased for $3k• 1st not foreclosing because of value• 2010 - 2012 tax certificate holders are not forcing sale because of condition

Status: Trying to buy an existing tax certificate to force the tax sale

2nd Lien: FC in Port Charlotte, FL

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