There might be a thing worth reading in Docep’s statement. In trying to create a convincing win-win wrap deal how would one mitigate these two points raised by DOCEP:

1. “If either party defaults on the payments, the end-buyer has no equity in the property and no certificate of title, compared with the original purchaser whose name appears on the title and who may on-sell the property again.”

2. “Furthermore, if the ‘wrapper’ defaults on the mortgage or goes bankrupt, the end-buyer is unlikely to receive any of the proceeds unless there has been strong capital growth over and above the outstanding mortgage.”