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Updated over 9 years ago on .

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8
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149
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Does a wrap mortgage have any equity?

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Posted

Hello BP, i know that in a subject-to the investor gain equity if the asset is greater than the debt of the seller mortgage and own the property. However in a wrap around mortgage from a subject-to transaction, the buyer own the property but have a promissory note created by the investor, is there any equity gain to the investor from the property/seller mortgage?