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wrap around mortgages

Posted on: 16th Aug, 2012 02:25 pm
Is it legal to do a wrap around mortgage in Arizona? Please advise asap. Thank you
Hi dhkndk!

Welcome to forums!

As far as I know, it is legal to do a wrap-around mortgage in Arizona. Nevertheless, to be on the safer side, you can contact a real estate broker and take his opinion in this regard.

Feel free to ask if you've further queries.

Sussane
Posted on: 16th Aug, 2012 08:23 pm
Hello guest,

The major disadvantage to selling a home with a wrap around mortgage that there is always a possibility that the new buyer could stop making payments.

:idea:
Posted on: 16th Aug, 2012 08:26 pm
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