steve55121 0 Report post Posted March 24, 2005 HI!, I was wondering if anyone knows of any companies that administer contract for deeds? I would like to buy houses... place them into trusts and then do a wrap mortgage and sell it contract for deed. This way I can carry paper and make money on my spread over a series of years. any suggestions ? -Steve Share this post Link to post Share on other sites
Jonathan RexfordFL 8 Report post Posted March 24, 2005 service the note yourself. A wrap is not the same as contract for deed. Either you are buying subject too or maybe you are going to wrap with current seller ..But I would just have seller deed property into trust. Then you sell on contract. Its pretty easy to do. Share this post Link to post Share on other sites
Adam King (MI) 1 Report post Posted March 28, 2005 Steve,I agree with Jonathan, but if you're going to sell your interest on a sub to, you better make sure the seller knows what's going on! I would also have them sign a disclaimer acknowledging your assignment or sale.This is why the DOS clause was invented!Just my two cents,AdamPS Check out this link. http://notenetwork.com/I am currently involved with some of their associates on our mobile home acquisitions. We buy cash, wholesale, create contract for deeds and then sell them for a discount. Share this post Link to post Share on other sites
