wraparound mortgage
nounDefinitions
A form of mortgage in which the seller of a property extends to the buyer a junior…
A form of mortgage in which the seller of a property extends to the buyer a junior mortgage which exists in addition to any superior mortgages already secured on the property. The seller accepts a secured promissory note from the buyer for the amount due on the underlying mortgage plus an amount up to the remaining purchase-money balance.
The neighborhood
Vish — recursive loop
No curated loop yet for wraparound mortgage. Loops are being traced one word at a time while the ingestion pipeline matures.
sense glosses and etymology drawn from English Wiktionary · source · CC-BY-SA