Anyone done a wraparound(installment contract)lately? Who carried the homeowner’s insurance since the 1st mortgage still in place? Was the buyer on the wraparound responsible for the property taxes and insurance? especially, if the bank is not escrowing on the first mortgage? How did you make sure these got paid? Or do you just have the new owner pay P & I and you pay taxes, ins., etc. out of the cash flow from the 2nd note?