Wrap/Land Contract/ Non-assumable Mtg - Posted by cx


#1

Posted by cx on December 09, 1998 at 20:01:47:

The DOS clause may be triggered on any change of legal and/or equitable title. How can one implement the use of a wrap mtg when the primary and or secondary financing is said to be non-assumable?

If a land contract is used, how may one best protect their

interest in the property in the abscence of legal title?