In
a wrap, you take over payments of an existing loan, assuming
the previous owner's payments. The purchase contract "wraps"
the existing loan into the purchase and your name is put on
title.
Why
is Wrap Financing Needed?
Wrap
financing is used for people with less than perfect credit,
or if you have had a foreclosure or bankrupcy. This will
help bring back your credit score and give you sufficient tax
relief .
Who
offers wrap financing?
Wrap
financing is offered by sellers who want to sell their properties
in a less than perfect market. Since traditional home sales
are slumping in the area, wrap financing allows unqualified
buyers to enter the real estate market.
We
will match your information with our list of properties that
are available to wrap.. Then a real estate specialist from
our office will contact you with the best home for you to preview.
Newbury
Park Realty is a full-service discount brokerage. We deal with volume
residential sales throughout Conejo Valley and Beyond.
Money
Tip
The money
you pay on repairs, taxes and interest can be claimed in next years
tax return, allowing you to reclaim your taxed dollars from the
government.
Real
Estate Facts:
Our
owner financing properties allow you to purchase a home
with little or no money down and still retain premium
financing.
We
are the strongest financial real estate company in Ventura
County with assets in excess of 40 million dollars. These
assets convert into financial opportunities for you!
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*Newbury Park Realty does not guarantee the results of
this form to completely match active properties on the market.
All information given in this website is deemed accurate but not guaranteed.