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Thanks Paul I was curious to know because some time ago, maybe around 1999 when I first read Rich Dad Poor Dad, someone told me vendor finance wasn't possible in Australia because of the way our legal/tax system was structured. Then I found out about "wraps" thru this forum... no that's not...

What happens I am curious to know what happens "legally" in a wrap transaction. In a normal transaction, the buyers name goes on the property title with a caveat for the mortgage taken to finance the transaction. If that buyer decides to "wrap" his property, do the new buyers go on the title...