Kristal Kraft

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Kris, You are so right! Our work has infiltrated our entire life. Instead of making things easier it's consumed every corner nook and cranny. The only escape is to say "shut up!" Congrats on your new venue, Inman is lucky to have you! Kristal Kraft Selling Denver Real Estate

This is what is called a "wrap around mortgage." Investors who teach classes on how to make money buying and selling real estate taught this method. To the best of my knowledge they are illegal, because in the original mortgage agreement the loan is not "assumable." Still they say the mortgage company will never call the loan as long as it is paid, so they feel it is a safe method. That of course is from the owner/investor's perspective. From the perspective of the new "owner" it is a mess. First they must trust the person selling them actually owns the home and will make the payments. When the payments aren't made they are at risk to lose all the money paid out and the house. I just don't understand why a buyer would ever want to pursue a wrap around mortgage with such a high risk involved. So many unsavory sellers are actually "equity skimmers." Taking what fast cash they can and intentionally never paying the bank. They are modern day Carpet Baggers, bad actors for sure! Kristal Kraft Selling Denver Real Estate

Good Points you bring up T! I'm always amazed at what "marketing" can do to our minds! In the name of profit we at fed a ton of bull. Many times it actually works so Madison Ave. still does it. I would just like to see common sense return, in the form of actual "common sense." Welcome to Inman! You are a swell addition! Kristal Kraft Selling Denver Real Estate