1,231,853
Never need a wraparound mortgage but love a colorful scarf to wraparound my shoulders.
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Mary Yonkers
Erie, PA
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Diana Zaccaro Broker A...
Cocoa Beach, FL
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Tammy Lankford,
Eatonton, GA
2,684,009
See a Lawyer. Chances are you will trigger a Due on Sale clause in the mortgage you are trying to wrap.
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Diana Zaccaro Broker A...
Cocoa Beach, FL
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Tammy Lankford,
Eatonton, GA
3,164,269
most mortgages have due on sale clauses that prevent wrap arounds.
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Diana Zaccaro Broker A...
Cocoa Beach, FL
3,986,258
Yes...Many times I have suggested it as an option
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Vern Eaton
Askov, MN
1,683,912
117,040
2,365
900,128
No, but this question sounds familiar. You may want to look it up for additional responses.
5,216,387
1,725,996
3,071,489
989,652
5,104,931
4,434,127
4,572,117
1,090,637
4,160,362
Ruth Mary Hansen No. I have not. But it is done in certain market conditions.
2,224,473
3,988,007
I wrote several contracts back in the 80's that featured this creative financing tool but not since the 80's.
634,482
5,005,603
911,228
1,466,207
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.