Seller finance - remove escrow account from my loan

[Daniel Luedtke]

I am looking at selling a STR property, and offering seller financing. I would like to know how I remove my escrow account from my loan? Obviously the buyer will be paying the taxes and insurance. This is my first seller finance deal, and not sure of the process when I have an escrow account already set up with my mortgage company? Is it possible to remove my escrow account? FYI - the loan I have was done as a DSCR loan, if that makes a difference? TIA!

[Karl McGarvey]

If you are seller financing then the property needs to be paid off prior to closing the seller finance deal. Once the loan is paid, there are no more escrow accounts.