AUCTION ID #: 390018 First Trust Mortgage Note Secured by SFH in Mobile AL Market Price 48k   Final Bid: USD $0 Number of Bids: 0 Your Bid Status: Login to view status Reserve: Not Met Status: Closed Auction Started: 08-01-08    09:30 PM ET Auction Closed: 08-21-08    04:00 PM ET Seller Information     Seller Name: Lwbr2000 Rating: (3) Location: Mobile, AL    36604 View Seller's other items     Bid Increment: $200 Shipping Cost: SEE DESCRIPTION BELOW Minimum Bid: $12,000 Auction Type: Regular Auction Source: Private Auction Deposit Required: $0 Overtime Period: 5 min Page Views: Bidding has Closed Add to My B4A Watch List | Need Help? Asset Information Additional Details Your Bid History Asset Description First Trust Mortgage Notes Secured by a Single Family Detached Home. Plenty of Equity already in place! Here is your chance to add passive income to your portfolio. Earn 8% on performing secured first mortgage notes. We have over 50 notes in several geographical areas to meet your portfolio’s needs. Parcel Information Property Address 1557 California St, Mobile, AL 36604 Legal Description LOT 3 BLK 1 SUB BLK 3 STRAUSS & ZIMLICH ADD TO MOBILE DBK 156/52 #SEC 28 T4S R1W #01 1-1 STY FR RES W/1 1/2 BATHS OP 2009 Values Established by the County Assessor Land $5,000 Building $42,200 Features $1,100 Market $48,300 Assessed $9,660 Loan Information Current Balance $24,263.34 Rate 8% Payment Amount $300 Number of Original Payments 118 Number of Payments Remaining 117 Next Payment Due Date 08/01/08 Additional Details For more information about this asset including photos, specs and more (when available), click here. Settlement Requirements Certified/Cashier's Check Wire Transfer Full payment due within 48 hours after auction ends.