Sellers financing-sellers death- ways to prevent losing the house
Hi guys,
I was thinking of buying a house with a sellers financing.
Since the seller is old, around 80 years old, what is the way to structure the deal so if the seller dies, I would not be left without the house?
Would it be possible to set it up in a way that may be a title company will act as a fiduciary , and in case if the owner dies, as long as I complete all the payments I still will get the house free and clear even though the owner is dead by then?
What are the ways to structure it?
Thank you!