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Hi, friends would investor buy this kind of notes? Or is it a good note to sell?


Property Type: Vacant Land
Payors Credit: Unknown
Property Value: $177.000
Owner Occupied: No
Sale Date: 01/12/2007
Sale Price: $178.000
Down Payment: $42.000
Face Value of Note for Sale: $82.000
Note Balance: $82.000
Interest Rate: 9.5
Payment Amount: $644.33
Payments Made: Monthly
# of Payments Made: 12
1st Payment Made On: 01/12/2007
# of Payments Remaining: 60
Next Payment Due Date: 03/12/2007
Loan to Value: 82.000
Current: Current
Balloon Payment Amount: $82.000
Balloon Payment Due On: 01/12/2012
Position of Note: 2nd
1st Remaining Balance: 57.000.00
2nd Remaining Balance: 82.000

Sell...or dont buy. I dont like the specs. Especially that 9.5% interest rate and the balloon payment deal.

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