Posted by Travis on June 10, 2000 at 21:42:17:
No! They are both completely different.
'A wrap is an all inclusive trust deed or (AITD) The Deed passes to the new owner.
A contract for deed or land contract is an agreement that after an agreed upon amount has been paid, then and only then will the deed pass on to the buyer. Then you can do an AITD. "Usually after an amount of $20,000.00 has been paid to you by buyer.
I’m kinda new at this and I hope you understand what I’m saying here