October 01, 2011

Wraparound Mortgage: Second Mortgage

James P. McAndrews

From Commercial Real Estate Practice Manual With Forms, Second Edition

Wraparound Mortgage

A wraparound mortgage (also called a Piggyback Mortgage) is a special type of second mortgage. It has all of the characteristics of a second mortgage, including being subordinate to the first mortgage, but also has the following additional characteristics:

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