Annual report pursuant to Section 13 and 15(d)

Real Estate Owned (Tables)

v3.24.1
Real Estate Owned (Tables)
12 Months Ended
Dec. 31, 2023
Property, Plant and Equipment [Line Items]  
Schedule of real estate owned

    

Year Ended

December 31,

    

2023

    

2022

Real estate owned at the beginning of year

$

5,216,149

$

6,559,010

Principal basis transferred to real estate owned

 

1,756,125

 

1,376,733

Charges and building improvements

 

229,587

 

126,443

Proceeds from sale of real estate owned

 

(3,027,275)

 

(2,090,880)

Impairment loss

 

(794,462)

 

(799,909)

Gain on sale of real estate owned

 

93,869

 

44,752

Balance at end of year

$

3,461,519

$

5,216,149

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

$

53,200

2025

 

53,200

2026

31,033

Total

$

137,433