Can Buyer for a Wrap Around Mortgage Report Payments to Bureaus?
I am thinking of selling one of my rental properties to the current tenant through wrap around mortgage. He has a really good income but bad credit score. If we do a wrap around mortgage, is there a way to report his monthly payments to the credit bureaus to help him improve his credit score?
I've seen some websites that offer reporting of rental payments for a fee. Are there websites out there that offer similar service for seller financing? I would like to suggest it to my potential buyer if such service exist.