Can I sell my Sedona Real Estate using a Wrap Around Mortgage
this is from Attorney Chris Combs from Phoenix and is a great explanation on using "Wrap- Around Mortgages" to sell a home. For all your Sedona Real Estate needs, or if you are looking to purchase a Sedona Home for Sale - call, text, or email me here!
Question: My husband recently passed away. I want to sell my Scottsdale condominium and move back to Iowa to be closer to my children. Our home is worth $220,000 and our Wells Fargo mortgage is now only $65,000. My son in Iowa is a real estate broker and says that I should be able to sell my home quickly using a "wrap around" mortgage. When my son tries to explain what a "wrap around" mortgage is, I become confused. Can you tell me what a "wrap around" mortgage is? Would a "wrap around" mortgage help me sell my Scottsdale condominium?
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