Special offer

Spam prevention
Rainmaker
1,231,853
Mary Yonkers
Alan Kells School of Real Estate/Howard Hanna Real Estate - Erie, PA
Erie/PA Real Estate Instructor

Never need a wraparound mortgage but love a colorful scarf to wraparound my shoulders.

Jun 10, 2016 11:52 AM
Ambassador
2,684,009
Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

See a Lawyer.  Chances are you will trigger a Due on Sale clause in the mortgage you are trying to wrap.

Jun 10, 2016 11:29 AM
Ambassador
3,164,269
Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

most mortgages have due on sale clauses that prevent wrap arounds.

Jun 10, 2016 02:33 PM
Rainmaker
3,986,258
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

Yes...Many times I have suggested it as an option

Jun 10, 2016 11:02 AM
Rainmaker
1,683,912
Larry Johnston
Broker, Friends & Neighbors Real Estate and Elkhart County Subdivisions, LLC - Elkhart, IN
Broker,Friends & Neighbors Real Estate, Elkhart,IN

Not in 7 years

Jun 13, 2016 01:43 PM
Rainer
117,040
Althea Kippes, Esq.
A.T. Kippes, Real Estate Broker - San Francisco, CA
Serving San Francisco to Silicon Valley!

No.

Did a wraparound skirt for a sewing project in 4-H though...

Jun 11, 2016 04:45 AM
Rainer
2,365
Michael Ussery
Keller Williams Realty - Port Orange, FL
Broker Associate

yes

Jun 11, 2016 04:03 AM
Rainmaker
900,128
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

No, but this question sounds familiar. You may want to look it up for additional responses.

Jun 11, 2016 02:47 AM
Rainmaker
5,216,387
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Yes, on numerous commercial transactions!

Jun 11, 2016 12:55 AM
Rainmaker
1,725,996
Sandy Padula & Norm Padula, JD, GRI
HomeSmart Realty West & Florida Realty Investments - , CA
Presence, Persistence & Perseverance

Years ago. Not very common.

Jun 10, 2016 10:56 PM
Rainmaker
3,071,489
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

no

Jun 10, 2016 10:51 PM
Rainmaker
4,882,355
Richard Weeks
Dallas, TX
REALTOR®, Broker

No

Jun 10, 2016 10:19 PM
Rainmaker
989,652
Jennifer Mackay
Counts Real Estate Group, Inc. - Panama City, FL
Your Bay County Florida Realtor 850.774.6582

Nope never have

Jun 10, 2016 10:18 PM
Rainmaker
7,835,925
Roy Kelley
Retired - Gaithersburg, MD

Yes.

Jun 10, 2016 10:12 PM
Rainmaker
5,104,931
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

No.

Jun 10, 2016 10:01 PM
Rainmaker
4,434,127
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

no

Jun 10, 2016 09:04 PM
Rainmaker
4,572,117
Michael Jacobs
Pasadena, CA
Pasadena And Southern California 818.516.4393

I have not.  Well, not yet.  

Jun 10, 2016 05:49 PM
Rainmaker
1,090,637
Diana Zaccaro Broker Associate
ZOOM Realty Group - Cocoa Beach, FL
"The Accidental Blogger" Cocoa Beach, Florida

No.

Jun 10, 2016 04:13 PM
Rainmaker
4,160,362
John Pusa
Glendale, CA

Ruth Mary Hansen No. I have not. But it is done in certain market conditions.

Jun 10, 2016 01:47 PM
Rainmaker
2,224,473
Debbie Laity
Cedaredge Land Company - Cedaredge, CO
Your Real Estate Resource for Delta County, CO

No I haven't. That would be a new one for me. 

Jun 10, 2016 01:32 PM
Rainmaker
3,988,007
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

I wrote several contracts back in the 80's that featured this creative financing tool but not since the 80's.

Jun 10, 2016 01:08 PM
Rainmaker
634,482
Kathleen Luiten
Resort and Second-Home Specialist - Princeville, HI
Kauai Luxury Ocean Home Sales

No.

Jun 10, 2016 12:37 PM
Rainmaker
5,005,603
Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

NO!!!

Jun 10, 2016 11:37 AM
Rainmaker
911,228
Jeff Pearl
RE/MAX Distinctive / LIC in VA - Lovettsville, VA
Full Service Full Time Realtor

No. Those are long gone around here.

Jun 10, 2016 10:23 AM
Rainmaker
1,466,207
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Ruth Mary Hansen I have never taken part in a wrap, but they were pretty popular when I first got into real estate. There were a lot of assumptions back then that didn't have an acceleration clause.

Jun 10, 2016 08:46 AM