Last Updated:2025/11/30

To close the sale quickly, the buyer agreed to a wraparound mortgage in which the seller accepted a secured promissory note covering the existing mortgage plus the remaining purchase-money balance.

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To close the sale quickly, the buyer agreed to a wraparound mortgage in which the seller accepted a secured promissory note covering the existing mortgage plus the remaining purchase-money balance.

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売買を迅速に成立させるため、買主は売主が既存のローンを包含する売主融資に同意し、売主は既存の抵当権の残高と残りの購入代金を担保付約束手形で受け取った。

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