Good deal — solid fundamentals with manageable risks
Risk Breakdown
Equity100
Borrower42
Market63
Timeline64
% of UPB25.0%A
LTV10.7%A
Equity$222,287.5A
ICTV3%A
Net Recovery$17,782.177A
State Intelligence: Illinois
ProcessJudicial
Timeline7 - 10 Months
FC Cost$4,145
REO Cost$4,002
RedemptionYes 3 - 7 Months
⚠ Judicial foreclosure state — expect longer timelines and higher legal costs.
⚠ Redemption period: Yes 3 - 7 Months. Borrower may reclaim property after sale.
ℹ Average 8.6333 months to foreclosure — moderate timeline.
Exit Strategies
Strategy projections are estimates based on market data and historical outcomes. Consult qualified legal and financial advisors before making investment decisions.
★ Deed in LieuEitherA
ROI3,087%
Yield4,629.8%
Timeline8 mo
Success20%
Est. Profit$182,950
IRR17,887.6%
Why it works
May avoid lengthy foreclosure; borrower cooperates in exchange for a clean exit. As junior lienholder, senior obligations reduce proceeds.
Key risk
Borrower must agree voluntarily; junior liens or title issues may block.
Calculation
Property sale (85% of $222,287.5) $188,944 - senior obligations $0 - rehab $0 - purchase $5,927.393 - holding $67
Action Plan
1Offer borrower cash-for-keys or relocation assistance
2Borrower signs deed in lieu agreement
3Record deed transfer and clear title
4Assess property condition and complete any rehab
5List property for sale or hold as rental
Loan ModificationCash Flow494% ROI · 60mo · 40%
+$29,283
ForeclosureEither160% ROI · 15mo · 70%
+$9,509
Fix & Flip (Mod & Sell)Hybrid300% ROI · 6mo · 30%
+$17,768
Discounted Payoff (DPO)Lump Sum120% ROI · 3mo · 25%
+$7,088
Full PayoffLump Sum299% ROI · 4mo · 10%
+$17,749
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