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AITD - All Inclusive Trust Deed?

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Betty H Church

Junior Member
Joined
Oct 20, 2006
Professional Status
Certified Residential Appraiser
State
Nevada
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

Elite Member
Joined
Jan 18, 2002
Professional Status
Retired Appraiser
State
California
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

Senior Member
Joined
Jul 7, 2006
Professional Status
Gvmt Agency, FNMA, HUD, VA etc.
State
Louisiana
AITD'S are not normal financing vehicles.Due on sale clause will trigger if the lender is stupid enough to enforce it..
 
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