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OTP on a wrap mortgage deal
Hey BPers,
I have recently come across an opportunity to purchase 8 units (4 duplexes in one cul de sac) with seller financing. The units have an existing mortgage on them, so I would be doing a wrap, which I know has its risks (due on sale clause). My question is, what should all be included in the OTP? I am in WI and will be using the standard WB-11 form, in addition to a land contract.
Any insight is greatly appreciated.
Jordyn