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Updated over 7 years ago on . Most recent reply
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Wrapping FHA Loans allowed or not allowed
Hello Bp,
Question, are title agents allowed to wrap FHA loans?
I came across a property that is in pre foreclosure status and seller is looking to sell. I want to wholesale it but not sure if a title agent can wrap a FHA loan for term of 5 years.
I really appreciate any feedback!
Thanks
Most Popular Reply
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Wayne Brooks
#1 Foreclosures Contributor
- Real Estate Professional
- West Palm Beach, FL
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No FHA or conventional loan is allowed to be "wrapped" by the terms of the loan-due on sale clause
. Is it done every day? Sure, with risks.