All Inclusive Trust Deed (AITD) also known as a Wrap Around Loan.
All Inclusive Trust Deed (AITD)
Also known as a Wrap Around Loan or Wrap, this means that the preexisting loan is absorbed into a fresh loan that is made by a property's seller. For example, if a property sells for a total of $100,000, but there is a preexisting trust deed on the property that ...