Seller Financing with a Wrap Mortgage
I have a property I'm considering seller financing with a wrap mortgage to a buyer, I'm currently refinancing the home and have the option to not escrow the taxes and insurance, which lowers the payment about 700/ month on the 1st position mortgage, BUT would escrow the T&I on the wrap mortgage.
has anyone structured it that way what would be the pros and cons to structuring it this way?