ATTRACTIVE INVESTMENT 3 bedroom 1 bath Purchaser agrees to accept the property in "AS IS, WHERE IS" condition at the time of closing, with NO WARRANTY EXPRESSED OR IMPLIED. Any representations of this property are merely the opinion of the seller. All buyers are encouraged to perform their own due diligence. CLOSING PROCESS Information needed prior to closing 1. Name to be placed on mortgage/deed. 2. Phone Number 3. Address to send documents, settlement sheet. 4. $3,000 non-refundable earnest money deposit in the form of a certified check, or money order via overnight delivery service, or bank wire transfer. LOAN TERMS SALE PRICE $10,000 2 YEAR TERM AT 11% INTEREST NO EARLY PAYOFF PENALTIES DOWN PAYMENT / MORTGAGE GUIDE FOR BIDDERS 3000 DOWN(EMD) = MONTHLY PAYMENT $324 4000 DOWN = MONTHLY PAYMENT $278 5000 DOWN = MONTHLY PAYMENT $232 The eppraisal.com value of this property is $39,000 There is NO balloon payment. The buyer will provide a down payment in the form of the Earnest Money Deposit. The balance will be paid over 2 years with a flat 11% fee paid monthly. This is a Land Contract sale. This is not a rental contract. Buyer will have all homeowner rights. Land Contract will be recorded along with a Quit Claim Deed. Seller is financing the property and will be in the first lien position until contract is fulfilled. Seller is an agent in the State of Michigan.
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