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garretson8 · Joined: 17 Mar 2010 Posts: 1 1.25 Dollars($)

We want to sell our home using owner financing thru a land trust. Since our mortgage company does not allow us to do a wraparound. Will this work?

jameshogg · Posted: Wed Mar 17, 2010 8:13 pm Post subject:

Hi garretson,

If the lender comes to know about the fact that you are planning to sell off the property, then there are high chances that he would call the loan due immediately. Thus, I would suggest you to contact your lender, inform him about your plans and check out what they have to say in this regard.

Thanks

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Owner Financing with a Land Trust instead of a wraparound