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Updated over 1 year ago on . Most recent reply

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Erika Sanchez
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Wrap around, lease, utilities

Erika Sanchez
Posted

Hello everyone, i bought a house on a wrap around deal my goal is to rent it. My realtor told me and the seller the utilities have to stay on their name to avoid the due on sell clause, is this true? Is he being overly cautious or is this something that could potentially alert the lender? I am just worried how can i lease the house and keep the utilities in my name. I think the renters would want to have those in their names. thank you in advance.

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