September 11th, 2006
Muncy Dr, Modesto CA
1910 Muncy Drive, Modesto, CA 95350
3br / 2ba / 2car; 1,848sf; 6,970sf lot; built 1960, pool + spa
[Map] [Zillow Comps]
[Photos]
Description: Beautifully remodeled family home features updated kitchen with new appliances, new carpet / paint, dual pane windows, bonus room with french doors to the back yard with a sparkling pool / spa. Good area.
Existing Financing:
1st: $258,093.78 @ 8.625% = $2,009.81/mo
30 Yr Adjustable Rate Mortgage with Countrywide
Fixed Interest-only payments until April 21, 2008
2nd: $64,556.19 @ 11.25% = $627.43/mo
30 yr note due in 15 with Select Portfolio Servicing
Total: $322,649 combined principal balance
$2,816/mo includes taxes and insurance
Taxes and Insurance: $177.67/mo escrowed
If you pay separately - Taxes: $740/yr, Insurance: $523/yr
Status
29-Sep-06: I have it listed on MLS with a flat-fee broker but I can cancel the listing at anytime. Present your offers to me and we can work something out. As you can tell I am VERY flexible. If I can’t sell this thing quick enough for full mortgage balance, we may have to go for a short sale. You can also catch-up my back payments and take-over my loan if you want via a lease-option or All Inclusive Trust Deed.
Jan-07: I’m working with Larry the realtor in Modesto to do a short-sale on the property. The trustee sale which was scheduled for the 24th got postponed by a month.