The Real Estate Encyclopedia Homepage Categories Videos Search Terms of Use FAQ's How to Create an Account Tips to Creating a Good Entry Example of Good Entries Wiki Logos Wiki Widgets Log Out Create an Account Review an Account Create an Entry Upload a Photo/Logo Wrap-Around Loan Category - Real Estate Glossary - Real Estate Terminology A financing device used when it is not feasible or desirable to pay off the first mortgage whereby a lender assumes the payments on a borrower's existing loan and takes a new junior mortgage from the borrower.   Category(s) Real Estate Glossary - Real Estate Terminology [edit]

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