Q&A from the Webinar:
Q. How was help given, and how does 7e make money on this specific loan?
A. The borrower owed $50,000 on the mortgage that we paid $30,000 for. The borrower had a payment of approx. $450/month. We negotiated with the borrower to put $2,000 down and then continue to pay $450/mo. This is $5400/yr in payments (on now a $28k investment since we got the $2k) = 19% ROI.
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