Insurance Help With Owner Financing

how do you set up the insurance on a wrap-around owner finance deal?



also, how is property held in a land trust insured? is the trust the named insured?



thanks.

Comments(1)

  • pcdodson5th March, 2008

    I am the seller. I keep my mort co as lost payee and the buyer as insured. What should I be under being I carry a wrap-around (2nd mort).

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