Mar 2 (edited) • Case Studies 📑
Sharptown, MD - Small Loan UPB, Non-Performing 1st Mortgage Note (Loan Mod Case Study)
This small loan UPB, non-performing first mortgage was purchased in January of 2026 in Sharptown, MD. The property is valued at $125k. Shortly after the loan was purchased we had an attorney send out a legal demand letter. This was a good one, with a fast resolution.
The borrower reached out during the 30-day demand period and wanted to get back on track.
I have a great two page form that I use to send borrower's loan modification options, it allows me to control the deal (Option's template here for Mastermind Accelerator members) to get non-performing note deals done faster.
The 1st mortgage unpaid principal loan balance was $5,369.66, plus they owed us another $573.61 in loan fees & lender recoverable expenses. The total mortgage payoff amount was $5,943.27. So there was plenty of equity in the deal covering our mortgage.
Here are the Deal Numbers:
- Purchase Price: $1,000
- Lawyer/Management Fees: $415.00 (Recoverable Expenses)
- Total Costs Paid: $1,415.00
New Loan Modification Terms:
- Loan Mod Down Payment: $2,000.00
- Loan Balance: $3,943.27
- Loan’s Terms: 12 months
- Loan’s Interest Rate: 12.0%
- Loan Payment: $350.35
We’ll review your goals, deal criteria, and show you how to get deals like this done.
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Sharptown, MD - Small Loan UPB, Non-Performing 1st Mortgage Note (Loan Mod Case Study)
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