AITD - All Inclusive Trust Deed?

[Betty H Church]

Comparable sold terms: AITD, no sellers contribution (per MLS). Would you consider this "normal" financing or are there special considerations that I should inquire about?

 

[Mike Boyd]

Maybe. It would depend on how much down payment was made and what the wrapped mortgage interest rate is and how long the term is. The risk could be the borrowers if there is an enforceable due on sale clause in the original mortgage. I think it is a risky instrument for the borrower.

 

[Greg Bell]

AITD'S are not normal financing vehicles.Due on sale clause will trigger if the lender is stupid enough to enforce it..