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Wraparound Mortgages

06/05/09 11:15

Are you having problems with your mortgage? You will find that a number of buyers will be offering wraparound mortgages, which involve buyers giving you a small downpayment and saving you from your problematic mortgage.

These settlements are legal. However, they also carry a certain degree of risk that every homeowner should be well aware of before plunging into it. SFGate.com discusses more about the mortgage's pro and cons.

Link: Wraparound mortgages legal, but carry high risk

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