Will proceeding with a wraparound mortgage invoke the due on sale clause in TX or any state for that matter? Just a bit stumped here.....
Is it a violation? Yes. Do most lenders really care? No. But lenders in Texas probably have a special affinity for accepting wraps, since it is the only creative selling method endorsed by the Texas legislature. [addsig]
Is it a violation? Yes. Do most lenders really care? No. But lenders in Texas probably have a special affinity for accepting wraps, since it is the only creative selling method endorsed by the Texas legislature.
[addsig]