Reversal Purchase
Example

To demonstrate the many ways one can convert a stream of payments into cash, we have provided you with example offers based on the following note information.

Original amount $157,500
Balance remaining $156,120.00
Interest rate 10.25% (fixed)
Term 120 months
Down Payment received $17,500.00
Number of payments received 12
Total amount received $14,110.00
Balloon amount due $143,850.00
Balloon due date1/16/2006

.Total #
Optioned		Payment
Sequence		Payment
Amount		Purchase
Price		Future
Value
Full Payments:6061-120$1,411.00$61,325.00
Seller:4813-60$1,411.00$67,772.00
Split Payments 1:
Seller:
Split Payments 2:
Seller:
Balloon:50$71,500.00$19,650.00
Seller:50$72,350.00$72,350.00

Investor Comments

This offer reflects a reversal that is set up to pass the next 48 payments on to the seller and begining with payment 61 the buyer is offering to purchase the next 60 payments for $61,325.00. He or she is also offering to convert 50% of the balloon payment into a lump sum dispursement of $19,650.00. When the balloon payment is made the seller will receive the remainder.
SUMMARY
Cash to Seller from Investor:$80,975.00
Total Cash at Closing:$80,975.00
Remaining Balance to be Reverted back to Seller
Full Payment:$67,772.00
Split Payments 1:
Split Payments 2:
Balloon Payment:$72,350.00
Down Payment received:$17,500.00
Total Amount Received:$14,110.00
Total Money to Seller
from
Mortgage/Annuity:		$252,707.00