Non-Performing 2ndSCOTTSDALE, AZ

AvailableN2USAZ9665MU

NON-PERFORMINGSFRNO EQUITY2ND LIEN

SCOTTSDALE, AZ, 85255

Tenant-Occupied · SFR

UPB$215,833.29

StatusNon-Performing

Borrower

Who

OccupancyTenant-Occupied

FICO705B

Senior Obligations

Senior Lien$0UNK

Legal Status

BK / FCNone

Borrower LTV

LTV8633%F

Property

TypeSFR

Equity Waterfall

Property Value$2,500

minus:

Taxes$0

equals:

AVAILABLE EQUITY$2,500

Subject UPB$215,833.29

EQUITY COVERAGE1.2%

NO EQUITY

BorrowerProperty

100%50%100%

83%

✗Tenant-occupied (less borrower attachment)

✗Severely delinquent (90+ days)

✗No equity (borrower likely to walk)

✓FICO 705 (may refinance)

⚠CRITICAL FLAGS2

Potential SOLLegal

Unknown Payment HistoryBorrower

YOUR DEAL

Purchase Price

Est. from NPL pricing

Target Yield

Investment Goal

Hold Period

EST. VALUE

$53,95825% of UPB

EquityNo Equity+0%

PaymentNon-Performing+5%

OccupancyTenant-Occupied+5%

LegalNon-Judicial+15%

Total25%

Deal Score

Below average — notable risks may erode returns

Risk Breakdown

Equity0

Borrower42

Market97

Timeline85

% of UPB25.0%A

LTV8633.3%F

Equity$2,500A

ICTV2158%F

Net Recovery$161,874.968A

State Intelligence: Arizona — Maricopa County Public Records

ProcessNon-Judicial

Timeline3 - 4 Months

FC Cost$2,364

REO Cost$4,616

RedemptionUp to 6 Months

⚠ Redemption period: Up to 6 Months. Borrower may reclaim property after sale.

Exit Strategies

Strategy projections are estimates based on market data and historical outcomes. Consult qualified legal and financial advisors before making investment decisions.

★ Loan ModificationCash FlowA

ROI494%

Yield98.8%

Timeline60 mo

Success40%

Est. Profit$266,573

IRR69.2%

Why it works

Borrower keeps their home; investor receives 5 years of cash flow plus full payoff of remaining balance.

Key risk

Re-default risk is meaningful; borrower may stop paying again within 12 months.

Calculation

60 payments of $1,878 ($112,690) + payoff $208,300 + arrears $0 - purchase $53,958.323 - holding $459

Action Plan

1Contact borrower to discuss modification options

2Evaluate borrower's income and ability to pay

3Structure modified terms (30-year amortization at 9.9%)

4Execute modification agreement

5Monitor payments for 3-6 months to confirm re-performance

6Collect payments for 60 months, then borrower pays off remaining balance

Fix & Flip (Mod & Sell)Hybrid300% ROI · 6mo · 30%

+$161,742

Discounted Payoff (DPO)Lump Sum120% ROI · 3mo · 25%

+$64,521

Full PayoffLump Sum299% ROI · 4mo · 10%

+$161,569

Deed in LieuEither-97% ROI · 5mo · 20%

$-52,216

ForeclosureEither-111% ROI · 9mo · 70%

$-59,626

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