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- PROPERTY TRAC'S LISTINGS OF COMMERCIAL PAPER FOR SALE OR ASSIGNMENT -
 
INVESTOR ALERT

DEFAULTED SECURED NOTE AT LESS THAN 50% FACE VALUE !

 
 
 
     
     
5/11/2008 10:32:45 PM

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Description of Property
Vacant Lot Town of Greenburgh, Village of Dobbs Ferry, Westchester, New York.
SPECIAL!
HOLDER OF NOTE SEEKS IMMEDIATE CASH ASSIGNMENT FOR LESS THAN 50% OF FULLY SECURED OBLIGATION! 
Details of Security Instrument
Holder of Security Instrument  L. Bor
 
Loan Inception October 3, 1994
Interest Rate 8.75% initial - then 1% over Citibank Prime
Note Amount $90,000.00
Note Payment Structure $591.90/month until 11/4/95 when entire principal and interest payment became due and payable.
   
Original Term/Duration  1 Year
Approx. Date of Default November 3, 1995
Reduced Balance on Date of Default $90,000.00 plus arrears
Current Amount Due $110,000.00 - Approx. - To be determined
Status of Obligation Defaulted
Asking Price $53,500.00
Details of Property Securing Obligation
Physical Property Location  Hilldale Road, Town of Greenburgh, Dobbs Ferry, New York
Estimated Fair Market Value  $110,00.00 - Approx - No current appraisal
Type of Property  Vacant Lot - 50' x 100' - residential zoning
Condition of Property  Undeveloped
Location of Property Very upscale and desireable area - great for custom home builder
Notes of Interest
Seller assumes all responsibility for listing this item. You should contact the seller to resolve any questions. Currency is U.S. dollars ($) unless otherwise noted. Foreclosure Trac Inc. and its affiliate Property Trac makes no representation either express or implied as to the accuracy of the information contained herein and shall not be held liable or responsible for actual, consequential, or incidental damages
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