Wrap around mortgage - Posted by Michael

Posted by Bill Gatten on June 02, 1999 at 20:01:30:

Sure you can.

You can use a wrap on anything you want to, so long as its not a Cal-Vet (or similarl State sponsored Land Contract program) or a Contract for Sale with a lender. Though, quite candidly, I would recommend other alternatives to avoid putting two people at odds with each other (subjected to each other’s liens, creditor judgements, BKs, marital issues and the like); transfering title, jeopardizing one party with potential for untoward acts of ther other, etc.

Bill

Wrap around mortgage - Posted by Michael

Posted by Michael on June 01, 1999 at 15:00:08:

Can I use a wrap around mortgage when the existing financing is conventional?