Payment Rights Under Real Estate Contract for Sale
Listing Information
Payment Rights Under Real Estate Contract for Sale
Price: $38,500.00
Created: 11/12/2018
Category: Business Property > Financial > Contract Rights
Sale Date: None Set
Trustee
320 Gold Ave S.W. Suite 300A
Albuquerque, NM 87102
505-433-3097
Description
Sale of Interest in a Real Estate Contract, described as below:
The Real Estate Contract: On June 5, 2015, the Debtor entered into a real estate contract (the “REC”) as seller with Andreas Villanueva, Maria Villanueva, and Emigdio Villanueva as buyers (the “Buyers”). Under the REC, the Buyers agreed to pay to the Debtor the principal amount of $75,000.00. The Buyers paid to the Debtor a down payment of $20,000.00 and agreed to pay the remaining $55,000.00 at 6.00% interest in monthly installments of $329.75. The Buyers also agreed to make a balloon payment of the principal balance plus accrued interest on July 5, 2020. As of July 20, 2018, the Buyers owed $50,050.71 on the REC.
The Property: The REC concerns real property located in Bernalillo County, New Mexico, commonly described as at 214 Alcazar St. NE, Albuquerque, New Mexico 87108.