What is a "Wrap Around" security deed?

Question

I am working with a deed that has a "Wrap Around" Security Deed w/ Power of Sale. What is this?

Answer 1

The seller has a mortgage on the property that is not going to be paid off when you buy the home. You are giving the seller a first trust deed that "wraps" his. This is a risky proposition as you will have limited options if he does not keep up his mortgage payments. Get your own mortgage, or walk away from this deal!

Answer 2

confident.we usually have self assurance,yet faith without solid works does no longer stay. One desires a residing faith so the scriptures say in many places. It says ,permit your mild so shine until eventually now men that they may even see your solid works and Glorify your Father in Heaven. V sixteen OF THE SCRIPTURE ST. MATTHEW-5-V13 TO sixteen additionally study ST.JOHN 14 V 15 TO 21. { especially V 21 } Christ opens the door to us,in any different case shall we no longer of ourselves be authentic until eventually we've embraced the daddy throughout the time of the Holy Spirit. If we are incapable of sturdy works then Christ would have suggested we are incapable of sturdy works.Christ suggested particularly the alternative. Christ precedes St. Paul in authority & attractiveness & Christ is the founding father of Christianity.

Answer 3

an insurance related item within realestate