fromwww.housingwire.com
14 hours agoDossDocs launches wraparound mortgage product
This gives sellers a way to finally make a move they've been waiting a long time for, said Dennis Doss, CEO of DossDocs. They can go from a 2.5% to an effective 4% rate instead of jumping straight to 6.5%. It's a win-win for the seller and the buyer, who finally have something easy to work with. Also known as an all-inclusive trust deed (AITD), the wraparound structure is often overlooked because of its complexity, a press release from the California-based company explained.
Real estate