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Hi guys,
There’s a little factoid that I need for my blog. I can’t find the answer anywhere.
When a “notice of default” is filed, one of the numbers it contains is a delinquency amount. E.g. here
http://74.220.219.63/~bubblein/wp-content/uploads/2008/08/displaysecuredoc6.pdf
first foreclosure on the list had $260k loan and $6,838 delinquency amount.
Can we easily estimate the monthly payment from these numbers? Would it be fair to assume that $6,838 is equal to 4 (or not 4?) monthly payments + maybe $100 in late fees?
.
