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all inclusive trust deed

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nathan

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PostPosted: Thu Jul 24, 2008 10:26 pm    Post subject: all inclusive trust deed

hi, can someone explain to me what an all inclusive trust deed is? i've read it but am still confused. thanks
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Johnny1

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PostPosted: Fri Jul 25, 2008 2:56 am    Post subject:

Hello.

All Inclusive Deed of Trust is a financial technique which creates a new trust deed. It includes all the due balance of the previous trust deed. This trust deed is also known as wrap around mortgage or wrap-around loan.
 
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sweeney
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PostPosted: Fri Jul 25, 2008 3:05 pm    Post subject:

And, as far as I know, no one does them anymore. Lenders anyway, I suppose private investors still might.
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views expressed on this forum are my opinion as a mortgage professional, not legal advice
 
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PostPosted: Mon Jul 28, 2008 5:34 am    Post subject: RE: wrap around mtge

Hi Nathan,

Welcome to the forums.

The All Inclusive Deed of Trust or the Wrap-around loan is an assumable mortgage. But you can only go for it if your lender allows you to do so. Know more about wrap-around loans before you choose to deal with it.

Take Care
 
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