Posted by Bud Branstetter on April 19, 1999 at 09:52:51:
Find a different person to close your transaction. I’m not sure why you are using an “escrow” person, title insurance or collection.
The deal can be done with a L/O and performance mortgage if you are inputing money. It could also be done as a contract of sale. You don’ say if the loan was puchase money, home equity or both. If you are renting and not purchasing yet you do not want a wraparound. They are not illegal, just obvious when there is an underlying loan with a due on sale clause.