Terry Vaughn - Help w/ $140,000 MH Paper portfolio - Posted by Brian
Posted by Brian on May 15, 2000 at 12:02:20:
I ran across a Mobiel Home Note Portfolio today. Face value is roughly $140,000. Monthly receivable for P&I is $4,917. Majority of the notes are well seasoned (at least 2 years) and the mobile homes range in age from 74 to 86 (total of 27 or 28 homes). According to note holder all are in parks. Current note holder bought the portfolio about a year and a half ago. His partner just retired and this guy does not want to deal with this according to him. I have other info for each note such as origination date, origination balance, montly payments, interest rate and payments remaining. If this looks interesting on the surface to you please let me know, if not to you is this worth pursuing.