English Dictionary

wraparound mortgage

名詞

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.

日本語の意味

売主が、買主に対して、対象不動産に関して既に存在する上位の抵当権に加えて、追加の下位抵当権を設定する住宅ローンの一形態です。具体的には、売主が買主から、既存の住宅ローンの残存債務に加え、購入代金の残額に相当する金額に対する担保付の約束手形を受け取る形となります。

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.

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。

意味（1）

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.

wraparound mortgages （ plural ）