Actually, a wrap is another name for a "subject-to" mortgage or all-inclusive trust deed.I have to respectfully disagree with Nick's and Jon's statements about the seller lacking any control over the subject-to mortgage.First, the seller can set up an escrow service account to handle the payments.

Another way is an AITD (all inclusive trust deed) or WRAP they'll call it.

> > While many of the provisions of the act are positive steps toward mortgage reform, the inclusion of private owners in the act (see section 101(3)(e)) will enormously reduce the housing choice of Ohioans and the ability of home owners to sell properties in this already-slow market.

Would this clause be an all inclusive clause and you could use in financing/inspection/ and or "partner" scenario?

SAMPLE LETTERS**IF YOU HAVE A REAL ESTATE LICENSE* Dear Senator [name];My name is Vena Jones-Cox and I am a life-long resident of Cincinnati.I am writing you to encourage you to vote NO on HR 1728, the "Mortgage Reform and Anti-Predatory Lending Act".While many of the provisions of the act are positive steps toward mortgage reform, the inclusion of private owners in the act (see section 101(3)(e)) will enormously reduce the housing choice of Ohioans and the ability of home owners to sell properties in this already-slow market.As a real estate broker, I have seen several dozen cases in the past year of home sellers and buyers coming to an agreement for an installment sale on a property that the owner desperately needed to sell (often to avoid foreclosure) and the buyer desperately wanted to buy, but could not raise the downpayment needed for conventional financing.In all cases, these sales turned out to be win-win deals for the buyer and seller; the seller was able to get rid of an unwanted property to a buyer who loved it, and the buyer was able to get his new home at an affordable payment and interest rates with none of the usual costs (points, application fees etc) inherent in more conventional mortgage transactions.In Ohio, these transactions are already regulated by state law: a low maximum interest rate is already in place, and both the buyer and seller are protected by other regulations at the state level.In defense of private property rights, owners should be exempted from the burdensome and unnecessary rules that this law foists upon them.

Anoter trick they use is to require you to take all-inclusive(meals) in order to book time.

It may not be all in one thread, but it is all covered inside the landlroding forum and teh 50% rule threads.Basically, if you use the 50% rule for most single family homes & duplexes for that matter, you should have a good estimate as to the total expenses, both operating, vacancy, and capital expenses, all inclusive.

He mentioned a all inclusive trust deed or a land contract, but his fear is that his lender can trigger the due on sale clause. any recommendations returned no results.

So many HMLs were burned and those that have managed to survive now insist that a borrower have significant skin in the game.If you have found 100%, all-inclusive financing more power to you.

Rent is very depressed (roommates) at $435 (all inclusive).