Today in sales meeting we had our local representative from First American Title come in and teach us a little more about mortgage wraps or All Inclusive Deeds of Trust. This is an instrument that is getting more and more usage in our market. What is an All Inclusive Deed of Trust? It happens when a seller sells their home that they still have a mortgage on using seller financing.
This Market and many other markets around the country have people who would love to buy, have the ability to pay, but are not credit worthy to take out a mortgage. We also have many sellers who are slightly upside down, or don’t want to take a loss on their home. These sellers may or may not be in a position that they “have” to sell. These may be income properties or second homes, in some cases they are primary residences.
Here is the link: http://www.livingincedarcity.com/?p=5144
Meadows at Duck Creek Village
If you’re interested in a property in the Cedar City Real Estate Market, contact us. Our email address is: firstname.lastname@example.org or you can call 435-701-1812. If you want to search the listings in the Cedar City Real Estate Market here is our website: www.livingincedarcity.com One other thing we are taking listings now to get them on the market for the hot Spring and Summer Real Estate Market. We would love to help you sell your house!