Have a Land Contract, Seller passes away. Who do I pay?

Have a Land Contract, Seller passes away. Who do I pay?

Rental Property Investor · Ithaca, NY · Member since 2015 · 1k+ posts · 1k+ votes

I have a land contract with a guy, we created last year. Unfortunately, he passed away and he had no children to pass his RE on to. So who do I pay these monthly payments to? There’s no such thing as a free lunch, so does the government take over the contract or the town, or any municipality?

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  • Jay HinrichsBusiness Member
    Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
    7y

    next of kin.. very few people do not have some heir some where.  is there an underlying mortgage that needs to be paid ?  

    you can escrow the money or set up a separate bank account were those payments go.

    however the bigger issue is how are you going to get the deed when its paid for. ???

  • Theresa HarrisPro Member
    Member since 2019 · 15k+ posts · 11k+ votes
    7y

    Is there any way to find out who is handling their estate?

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