Thread: Detroit Luxury Home 56% LTV

Heron Pointe:
This home has high equity. With the goal of completing the cosmetic repairs in the amount of $70-75,000 (I am quoting a high number here) that will include the following repairs:
Replace broken windows-Patio Door
Clean other Windows
Power washing exterior
Landscaping
General spot cleaning of carpet
Replacing the stone patio
Replacement of kitchen appliances
Replacement of kitchen/bathroom counter tops
General interior cleaning
2-minor repairs identified by inspection master bath leak (please note no mold was found on the premises)
Staging-interior color scheme design

Marketing plan has already been established and is in thee works to sell this home fast after repairs, along with marketing participation-and a special selling event.

This home has a purchase price of 1.5 Million Dollars/Appraised 2006 for 2.6 million from a distressed home owner
Repair estimate of $70-75,000-Actual numbers have been gathered an quoted
My Contract assignment fee $100,000

All repair estimates/charges for improvements will be provided to you in advance, for approval. The costs for the staging, Auction etc as well.

My agreement with the lender requires: 10% down, $100,000
My Contract assignment fee $100,000*
Marketing charges-Fee to be determined
Estimated Repairs: $70,000
Earnest money deposit: $30,000*
Please Contact
Katrise Clay

if interested