You are right that it does not show up on your credit, but they will show up as an inquiry to check it, plus you provide your income information.

Feel free to ask me any questions here or send me an inquiry.

Over 1/2 of inquiries lead to a booking.

The seller the docs usually state the note is being created subject to the underlying mortgage.Buyers have their "right to their own inquiry" so if you go in front of a judge this is going to be a hard sell that you did not know a wrap was occurring or the consequences of a future sale.In a wrap if the senior lender was unaware then based on the note they might have a "due on sale" clause they can call on the seller who did the wrap and you can lose all your deposit money in that case if the liquidated value barely covers the senior note.With a wrap you have it a requirement that the seller pay a note servicing company with the required escrows and then the note servicing company sends the money to the mortgage company and then the difference to the seller so you know the note is paid.If the seller tried to refi out there should be a recorded deed at the courthouse clerk office for the wrap deed showing.The seller can also have trouble sometimes with the insurance policy and them not renewing once they have found out they sold the property and are no longer on title for ownership.Lot's of hurdles with wraps you have to watch out for.

We've also had inquiries from people with children- a larger concern.

Currently my phone is exploding with rental inquiries.

Total ad views: approximately 2kTotal inquiries: approximately 100Showing: 1 open house, 20 to 25 groups showed upApplications received: 4

Our company stopped our newspaper advertising because we track every inquiry and were getting most of ours from Craigslist and Trulia/Zillow.

I explained it all again.Next day I get a call from the family attorney, same inquiry, same response.

However, in my opinion, 10% should also incorporate bid coordination, bill collection, rent collection, bill payment, financial data collection and recording, lease inquiries, showings, Subsidy / City inspection coordination, etc, etc.