Posted by TomC (Md) on January 17, 2000 at 14:48:15:
My personal opinions:
I would rather buy my home on a wrap/subject to deal. Again, this is because the property gets deeded to me at closing. Purchasing on a land contract is slightly more risky, since the property stays in the owner’s name.
In either case, if I were the buyer, I would want my payments to be made through a 3rd-party agent (loan servicing company), so that the seller didn’t have the opportunity to pocket the payment without paying the mortgage!