Annual report pursuant to Section 13 and 15(d)

Real Estate Owned (Tables)

v3.23.1
Real Estate Owned (Tables)
12 Months Ended
Dec. 31, 2022
Real Estate Owned  
Schedule of real estate owned

    

Year Ended

December 31,

    

2022

    

2021

Real estate owned at beginning of period

$

6,559,010

$

8,861,609

Transfers to real estate owned

 

1,376,733

 

685,700

Charges and improvements to real estate owned

 

126,442

 

296,173

Proceeds from sale of real estate owned

 

(2,090,879)

 

(2,399,557)

Impairment of real estate owned

 

(799,909)

 

(719,000)

Gain (Loss) on sale of real estate owned

 

44,752

 

(165,915)

Balance at end of period

$

5,216,149

$

6,559,010

Schedule of rental payments due from real estate held for rental

Year ending December 31, 2022

    

$

53,200

Year ending December 31, 2023

 

53,200

Year ending December 31, 2024

 

53,200

Year ending December 31, 2025

53,200

Total

$

212,800