http://noteinvestor.com/notes-101/wraparounds-with-underlying-liens/ Everything you need to know to Buy, Sell, or Create a Note! Mon, 06 Feb 2012 21:21:43 +0000 hourly 1 http://wordpress.org/?v=3.3 http://noteinvestor.com/notes-101/wraparounds-with-underlying-liens/comment-page-1/#comment-1198 The Downside of Owner Financing - Disadvantages to Seller Financing : Note Investor Fri, 07 Aug 2009 10:52:27 +0000 http://notesellerblog.com/?p=120#comment-1198 [...] Who’s On First? - When a property is sold with owner financing and the seller still owes money both the buyer and seller need to be concerned about timely repayment of the underlying lien.  The first position might also have the right to accelerate their mortgage under some type of due on sale clause. Most note investors will pay off the seller’s underlying liens out of proceeds when they purchase the future payments. (Read more at Wraparounds with Underlying Liens) [...] [...] Who’s On First? – When a property is sold with owner financing and the seller still owes money both the buyer and seller need to be concerned about timely repayment of the underlying lien.  The first position might also have the right to accelerate their mortgage under some type of due on sale clause. Most note investors will pay off the seller’s underlying liens out of proceeds when they purchase the future payments. (Read more at Wraparounds with Underlying Liens) [...]

]]> http://noteinvestor.com/notes-101/wraparounds-with-underlying-liens/comment-page-1/#comment-637 Top 3 Seller Financing Myths : Note Seller Mon, 30 Mar 2009 11:09:30 +0000 http://notesellerblog.com/?p=120#comment-637 [...] As the buyer makes payments to the seller on the new owner financing the seller must in turn continue to keep payments current with their lender.  This type of arrangement comes with risk, including a senior mortgage holder calling their note all due and payable for violation of the due on sale clause as explained in Wraparounds With Underling Liens.  [...] [...] As the buyer makes payments to the seller on the new owner financing the seller must in turn continue to keep payments current with their lender.  This type of arrangement comes with risk, including a senior mortgage holder calling their note all due and payable for violation of the due on sale clause as explained in Wraparounds With Underling Liens.  [...]

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