Solutions 3D

The Land Trust That Went Bad
5500 Old Mill Road, Alexandria, Virginia

This is the land trust I invested in. The Investor Beneficiary apparently did not fund the contingency fund. No money was ever advanced to the Trustee; no payments were made from the trust to the lender. The property went into foreclosure.


Home > Trust Properties


Property ID # THU-0602-530
Annual Projected Return on Investment: 48.54%

This duplex recently went into foreclosure and is currently vacant. The property can either be sold outright or it can have tenants placed in it. The return represents tenants being placed in the property for one year.

City, State, Zip: Spartanburg, SC 29303
Type of Property: Duplex
Bedrooms: 1
Baths: 1
Year Built: --
Condition: --
Property Information
Final Settlement Date: 2006-04-01
Trust Termination Date: 2007-04-01
Length of Trust: 12 Months
Fair Market Value: $70000
Investor Ben. Interest Participation: 50%
Total Investor Cash Contribution: $12532.41
Avg. Monthly Cashflow: $145.50
Total Cashflow: $1745.50
Cash Investor Profit at Termination: $4338.01
Total Profit: $6083.51
Total Projected Rate of Return for Cash Investors: 48.54%
Annual Projected Rate of Return for Cash Investors: 48.54%
Total Monthly Payment (PITI + All Fees): $434.00
Mortgage Amount Interest Orgination
Principal Balance
1st Mortgage $51600.00 6.38% 2/27/2003 $394.00 $49994.10
2nd Mortgage $-0.00 -- -- $-- $--
3rd Mortgage $-0.00 -- -- $-- $--
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Solutions 3D
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