Wrap around mortgages

[Belinda R.]

Who pays the insurance and property taxes on a wrap around mortgage? As of now, my taxes and insurance is not financed into my loan. If I owner finance and do a wrap around mortgage who's responsible for the taxes and insurance? 

[Jason Hirko]

@Belinda R. You would be a mortgage/lien holder on their policy, as would your underlying mortgage. They would get paid out first though