Quarterly report pursuant to Section 13 or 15(d)

Real Estate Owned

v3.19.2
Real Estate Owned
6 Months Ended
Jun. 30, 2019
Real Estate Owned  
Real Estate Owned

4.    Real Estate Owned

Property purchased for rental or acquired through foreclosure are included on the balance sheet as real estate owned.

As of June 30, 2019, and December 31, 2018, real estate owned totaled $4,936,787 and $2,943,438, respectively, with no valuation allowance. As of June 30, 2019, real estate owned included $948,226 of real estate held for rental and $3,988,561 of real estate held for sale. As of December 31, 2018, real estate owned included $887,918 of real estate held for rental and $2,055,520 of real estate held for sale.