How am I protected in Seller Financing when seller dies

Question

Not sure if this fits this category but I’m curious to know how best to protect myself as an owner in a seller financing agreement if seller dies and heirs choose to do something else with property?

Wayne Brooks · Answer

For “seller financing” you want title transferred at closing, the seller holds a note and a mortgage, just like a bank. Heirs couldn’t change anything about this. Stay away from land contracts, “rent to own”, etc.

Greg Dickerson · Answer

Typically contracts and owner finance agreements would be binding on heirs and successors. Make Sure you cover th is with your attorney.

How am I protected in Seller Financing when seller dies

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