- Joined
- Mar 3, 2011
- Messages
- 104
Hi,
In an AFS deal, there is potentially a wrap mortgage on top of an existing mortgage. The title remains on the seller`s name until the deal closes sometimes in the future.
My question is, in the meantime, who pays the insurance and who pay the taxes since the title is still in the seller`s name?
Thanks!
Antay
In an AFS deal, there is potentially a wrap mortgage on top of an existing mortgage. The title remains on the seller`s name until the deal closes sometimes in the future.
My question is, in the meantime, who pays the insurance and who pay the taxes since the title is still in the seller`s name?
Thanks!
Antay