help with wrap mortgage
if i owner finance a property with a wrap mortgage and keep my original mortgage. the title will be transfered into the 'financed' buyer's name upon recording of the documents. this leaves in essense two mortgagees, myself and my lender.
how can i work the insurance where my lender will still be additional insured with 1st lien (so hopefully they dont catch it and enfore the due on sale) and keep myself covered as well with the wrap mortgage i will create? any help greatly appreciated.