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.
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).
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).