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Updated over 8 years ago on . Most recent reply

User Stats

21
Posts
3
Votes
Motu Lemafa
  • Vancouver, WA
3
Votes |
21
Posts

Partial Seller Financing

Motu Lemafa
  • Vancouver, WA
Posted

Happy Independence Day! I just read an article from BP talking about wrap around mortgages.  My question is if the seller has "Due on sale" clause in their contract(with equity), and agrees to carry, how long typically does it take the bank to realize someone is in the equation? And what is the likelihood of them taking action?  

I apologize if this was asked recently.  Thank you in advance! 

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