Cascadia Investments Inc (fka CDIV)

[greedy__malone]

There are 2 types of wrap agreements. A legal wrap agreement is where the bank allows transfer of title to the new owner which allows the new owner to pay the original mortgage back to the bank and any other agreed upon payment to the former owner. A legal wrap agreement removes the original owner from liability to the original lender.

Banks rarely allow transfer of title under those cricumstances so the majority of wrap agreements are strictly between the original debtor and the new debtor where the new debtor pays the money to the original debtor who them makes his monthly payment to the bank.

CDIV is not the legal owner of title on any property they currently show on their website.