All Topics / Finance / WRAP question

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  • Profile photo of l_b29265l_b29265
    Participant
    @l_b29265
    Join Date: 2003
    Post Count: 26
    April 19, 2009 - 9:26 am

    If I were to do a wrap, where I was the buyer, and the seller was the financer, they retain deeds to the property. Am I still able to demolish the house on the property and do as i wish to the property?
    Thanks

    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 12,024
    April 19, 2009 - 10:06 pm

    Not without the sellers consent and if i was wrapping it to you then i would certainly never give you consent.

    Will depend on the individual Contract terms but very unlikely.

    Richard Taylor | Australia's leading private lender

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