Quarterly report pursuant to Section 13 or 15(d)

Real Estate Owned (REO) (Tables)

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Real Estate Owned (REO) (Tables)
3 Months Ended
Mar. 31, 2024
Property, Plant and Equipment [Line Items]  
Schedule of real estate owned

    

March 31, 2024

    

December 31, 2023 (Audited)

Real estate owned at the beginning of year

$

3,461,519

$

5,216,149

Principal basis transferred to real estate owned

 

374,000

 

1,756,125

Charges and building improvements

 

 

229,587

Proceeds from sale of real estate owned

 

(121,146)

 

(3,039,749)

Impairment loss

 

 

(794,462)

Gain (loss) on sale of real estate owned

 

(10,854)

 

93,869

Balance at end of year

$

3,703,519

$

3,461,519

Properties Held For Rental  
Property, Plant and Equipment [Line Items]  
Schedule of rental payments due from real estate held for rental

Years Ending December 31,

    

Amount

2024 (9 months)

$

39,900

2025

 

53,200

2026

 

31,033

Total

$

124,133