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Updated about 9 years ago,

Account Closed
  • Student
  • Null
8
Votes |
149
Posts

Wrap Mortgage Seller does not pay

Account Closed
  • Student
  • Null
Posted

I worry and no idea what to do when said, in the near future the seller decided to use the payment i give to him from my buyer in a wrap mortgage translation for his personal gain instead of paying the bank. I know if my buyer default the property will be foreclosure and return back to me, and the same if i myself default and the property return back to the seller. But what if the seller decided he will no longer pay to the bank for his mortgage, what do i do? 

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