AITD All Inclusive Trust Deed?
While there is no commonly recognized legal term “all inclusive trust deed.” However, an “all-inclusive trust deed” could refer to a type of mortgage financing where the buyer takes out a new loan that includes the balance of the seller’s existing loan. This is also known as a wraparound mortgage. The buyer makes payments to the seller, who in turn continues to make payments on their original loan. The buyer’s loan “wraps around” the seller’s loan, hence the name. This type of financing can have advantages for both parties, but there are also potential risks and legal complexities.