All Inclusive Deeds of Trust in a Nutshell....

By
Real Estate Agent with Aubrey and Associates Realty

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

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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: info@thecteamrealestate.com 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!

 

 

 

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If you're looking to buy or sell real estate in South Davis County, Utah; please give us a call.  We would love to earn your business!

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Rainmaker
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Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

During the 1980s, we would occassionally hear that term, but I haven't heard it for awhile.  I've always wondered if the housing market would have spiraled so out of control, if more mortgages had been assumable, or been able to have been taken "Subject To."

May 29, 2012 08:29 AM #1
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Dale Baker
Baker Energy Audits and Commercial Properties Inspections - Claremont, NH
New Hampshire Relocation Real Estate Information

Howdy and afternoon Tony and Darcy

Tony and Darcy my friends, folks sure are going to find this info on Inclusive Deeds of Trust mighty helpful.

Have a good one
Dale in New Hampshire

May 29, 2012 10:40 AM #2
Rainmaker
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Tony & Darcy Cannon
Aubrey and Associates Realty - Layton, UT
The C Team

Myrl, I will be honest, we have never done one of these.  One of our office mates has done several, he said that the only problems he has had is that in a couple of instances the seller stopped paying on his mortgage and the bank foreclosed on the properties.

Dale Thank you!

May 30, 2012 03:59 AM #3
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