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  1. paulzag

    Wrap Traps

    Reply: 1.2.1.2.1 From: Paul Zagoridis Hi Michael welcome back A caveat can protect your financial interest in a property. The underlying first mortgage is potentially capped at the amount owing at the time of the caveat plus penalties and reasonable sales expenses. Normally this will total...
  2. paulzag

    Wrap Traps

    Reply: 1.2 From: Paul Zagoridis IF I was buying a wrap I would 1) place a caveat on the title as a condition of purchase. 2/3 of my wraps have done that. I have no problems with it. 2) Insist on copies of the underlying loan statements at at least 3 monthly intervals. If the wrap seller...
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