The Wrap-Around Mortgage-An Investing Tool (with Restrictions) for a Slow Real Estate Market
Monday, February 25th, 2008The Wrap-Around Mortgage-An Investing Tool (with Restrictions) for a Slow Real Estate Market by Jack Sternberg In basic terms, a wrap-around is a loan deal in which you, as the investor, assume responsibility for an existing mortgage. Heres an example: The Smiths have a $70,000 mortgage on their home. They sell it to you for [...]
