What's "in it" for the seller on a sub2/wrap

[Doug Haisten]

Please excuse my lack of knowledge on the topic of subject 2/wrap deals. I like the idea of the sub2/wrap deal but what is in it for the seller? They may get outstanding property debt paid but their name is still on the mortgage thus showing on their credit report as a debt and maybe hindering them on renting or buying another house. What would I do if my buyer completely defaults? Evict and sell again?

If I am the seller I'd be worried the buyer would stop making payments or late sketchy payments thus further hurting my credit. If I am the buyer what of the seller, after a couple of years, decides he doesn't want to keep his mortgage any more or if the seller passes away?

thanks