Part I of series about wraparound mortgages. The 'Due On Sale' clause is often a fear of both buyers and sellers - but it really shouldn't be (at least not yet).
Part II of our series deals with the problem of the seller's underlying (and orphaned) escrow account that normally exists after a wraparound transaction.
Part IV of our series discusses a forgotten part of mortgage loans and insurance contracts - the pesky little "Loss Payee" clause. This clause is both a blessing and a curse for sellers and lenders.
This dispels the often-repeated bad information surrounding the myth that property insurance "needs" to be issued in the same name as the LLC that actually owns title to the property. This is simply untrue and it can actually cause many unintended consequences.
