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Janette Olano
  • Wholesaler
  • Albany, GA
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33
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Can Buyer for a Wrap Around Mortgage Report Payments to Bureaus?

Janette Olano
  • Wholesaler
  • Albany, GA
Posted May 9 2016, 12:05

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.

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