Quarterly report pursuant to Section 13 or 15(d)

Real Estate Owned

Real Estate Owned	9 Months Ended
Sep. 30, 2020
Real Estate Owned
Real Estate Owned	5. Real Estate Owned Property purchased for rental or acquired through foreclosure are included on the balance sheet as real estate owned. As of September 30, 2020, and December 31, 2019, real estate owned totaled $7,523,584 and $8,258,082, respectively. As of September 30, 2020, real estate owned included $1,478,854 of real estate held for rental and $6,044,730 of real estate held for sale. In the first nine months of 2020, the Company recorded an impairment loss of $495,000 compared to an impairment loss of $-0- in the first nine months of 2019.

Real Estate Owned

9 Months Ended

Sep. 30, 2020

5. Real Estate Owned

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

As of September 30, 2020, and December 31, 2019, real estate owned totaled $7,523,584 and $8,258,082, respectively. As of September 30, 2020, real estate owned included $1,478,854 of real estate held for rental and $6,044,730 of real estate held for sale. In the first nine months of 2020, the Company recorded an impairment loss of $495,000 compared to an impairment loss of $-0- in the first nine months of 2019.