Updated over 9 years ago on . Most recent reply
What if the seller / owner who is doing financing dies?
I'm currently trying to write up a purchase agreement for owner financing. The seller is my step-father-in-law with leukemia. We are doing a 5 year balloon payment. My question is, what happens if he dies before we pay him back? Do we write in the agreement we will then pay his wife (my husband's mom)? What would you suggest?