Updated over 4 years ago on . Most recent reply
Seller financing / Seller died
Question for some of you more knowledgeable bigger pockets members.. my mother purchased a commercial piece of real estate via seller financing 10 years ago. I have reviewed the contract and do not see a beneficiary should the seller pass away. It was brought to our attention that the seller passed away recently and my mother has continued to pay with a check like she always has however we do not know who is cashing them or who has the deed when the loan is paid off next year. Has anyone ran into this before and understand how this works?