Any one experienced with wrap-around mortgages? Newark, NJ

[John M.]

Hi. I have a newly renovated property in the lower vailsburg section of Newark, NJ.  The owner wants out and is willing to walk away for what they sold.  There's not much that can be done to add value at this point (it was just renovated and flipped).  I'd like to wrap a mortgage but am looking for some direction.  Please reach out if you are experienced with wraps and this section of Newark.

[Jessica Zolotorofe]

Why would that benefit you? Unless you have bad credit and can’t obtain conventional financing that’s a pretty bad deal for you...