We are looking to sell a 1st mortgage on a Vancouver, West side property at a substantial discount.
The mortgage is worth around $1,1m ($1,095,996 on August 16th) and the price we're asking for the mortgage buyout is $950k. The property is valued at $1.6 to $1.7million.
The property will have to go into foreclosure to recover your money.
Your funds will be secure, and it might take between 3 months to a year to recover, but you will be earning an 8% in interest, or $235.57 per day, or $7,067.10 per month.