Randy Elgin
Sells Affordable Homes for sale in the San Antonio
San Antonio,
TX
More about me…
Option One Real Estate
Address: 10999 IH10W; Ste 175, Northwest Crossing, Northwest Park, Braun Station, Braun Heights, Fine Silver, Cedar Springs, Iron Horse, Helotes, Leon Valley, 78023, 78250, 78253, 78254, San Antonio, TX, 78230
Office: (210) 696-9996
Mobile: (210) 232-2310
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Author Bio: Randy Elgin specializes in affordable homes for sale in Northwest San Antonio, TX. He serves residential, commercial and investor clients. He believes a needs analysis is an important first step and understanding what their goals are and how to help them achieve those goals is paramount.
San Antonio TX Real Estate information forum where anyone interested in buying, selling, or investing in the real estate market can ask questions and get answers.
Wrap Around Transactions A Wrap Around Transaction is a form of seller financing. There is a difference however, between a traditional seller financing of a property and a Wrap Around Transaction in that on a “Wrap” or "Wrap-Around" the current Mortgage lien on the property is not paid off. In this type of real estate Transaction the property is conveyed while the Mortgage lien that has the seller’s name on it stays in place. The Wrap Transaction now has a second, junior lien held by the seller.Just to clarify, a Wrap Around Transaction is not illegal. A Wrap-Around is not a … (0 comments)
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