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