Note Balance
of Balance Paid
Morgan County, GA
A 1-acre parcel in Morgan County, Georgia was sold for $110,000 with a substantial 45% buyer down payment of $50,000. The remaining $60,000 was seller financed. With an ITV of just 0.36, this was an extremely safe note for the buyer. Damen Capital purchased the note for $40,000, giving the seller $90,000 total cash — 81.8% of the original sale price.
High buyer down payments dramatically reduce ITV and risk, but they also mean the note balance is smaller relative to the sale price. The seller still collected 81.8% of the total sale price as cash at closing — $50,000 from the buyer's down payment plus $40,000 from the note sale.
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