Finance
In Massachusetts, a 'wraparound mortgage' involves:
AA mortgage that covers multiple properties
BA new mortgage that includes (wraps around) an existing mortgage, with the seller collecting payments from the buyer and paying the original lender✓ Correct
CA government mortgage wrap program
DA mortgage that adjusts with inflation
Explanation
A wraparound mortgage is a seller-financing arrangement where the seller creates a new mortgage at a higher face amount that includes the existing mortgage. The buyer pays the seller, who continues paying the original lender.
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