Generally, the coverage of the policy will state; “The coverage of this policy shall continue in force as of Date of Policy in favor of an Insured after acquisition of the Title by an Insured or after conveyance by an Insured, but only so long as the Insured retains an estate or interest in the Land, or holds an obligation secured by a purchase money Mortgage given by a purchaser from the Insured, or only so long as the Insured shall have liability by reason of warranties in any transfer or conveyance of the Title.”

Hello fellow investor,Thank you for your interest in learning more about our company and how we secure funding for our clients.

While likely more expensive than Cleveland or Toledo, Columbus has a more diverse and robust economy, driven by government, education (Ohio State University), and healthcare.

So, even if the loan amount is the same, and even if the interest rate is the same, with the terms mirroring the underlying mortgage, the seller will have (1) recourse to foreclose if the buyer stops paying (2) with payments going directly to the seller who then sends payment to the underlying lender the seller will know if and when the buyer has not made a payment, in which case they can choose to make the underlying mortgage payment and proceed to foreclosure, (3) the seller’s legal position is enhanced since he holds a debt security interest in the property (4) the seller may be able to wrap a higher amount than the underlying note and or a higher interest rate and (5) the seller’s credit position may be enhanced since he has the asset of the wrap note offsetting the underlying debt.  

However, if I don’t secure an eviction order within the next two months, I’ll send him your message.

So, I guess I will hope social security pays something in 20 years and the stock market is still there when I grow old.BTW, I am an experienced investor, I know I can dump everything in the stock market but I am hesitant to do that.

On the other hand, if you’re financially secure, the low-rate loan and potential appreciation make holding more attractive.

-secured card is a smart start.

They didn’t completely destroy the house, I did keep most of their security deposit and used it for the repairs, along with some of our own cash.

However, i'll likely be looking at additional ways down the road to be even more secure for a backup what if scenario.