In some states, escrow companies are required by law to inform a lender whose loan is being wrapped. If a wrap-around deal on a non-assumable loan does close and the lender discovers it afterwards, watch out! The lender will either call the loan, or demand an immediate increase in interest rate and probably a healthy assumption fee.
回复:Zted, Wraparound mortgages legal, but carry high risk
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• 回复:回复:Zted, Wraparound mortgages legal, but carry high risk -monkeyboy- ♀ (157 bytes) () 12/24/2011 postreply 23:16:30
• 回复:回复:回复:Zted, Wraparound mortgages legal, but carry high risk -wzwu8- ♂ (175 bytes) () 12/25/2011 postreply 06:54:06