Subject To Question
I have a seller willing to do seller financing. I let him know that if any time I miss a payment on his mortgage, he would have the right to take the house back, along with all of the equity I've paid down while I've had it. He then followed up with a valid question. He asked what would happen if I (or a tenant-buyer) was in the middle of renovating and I just decide to walk away?
It's a valid question that I would probably ask if I were in his shoes. It is my full intention to never do something like that to someone. Has anyone ever had a seller ask this question? If so, how was it addressed?