How do "wrap-around" payments work?

In Buying Property - Asked by Jered W. - Jan 22, 2009
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Stuart D.
Owner/Investor
Manassas Park, VA

Typically, you issue a new mortgage (owner financing) to your buyer that exceeds the amount of your existing mortgage. You continue to pay your mortgage payments to your lender while the buyer now makes payments to you for the new mortgage.

Jan 22, 2009
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