Stan, just have them sign a quit claim deed at closing with a 30 day grace period. Anytime there 30 days late, a neutral 3rd party files the quit claim deed then it's your place again and you go thru evictions as a landlord tenant problem.
All cut and dried at the time of closing.
Watch for a "due on sale clause" in your original mortgage too see if there's a problem using this method.
Huge advantage to sell this way but sucks to buy this way.
T_Bone
This post was edited by T_Bone at 23:54:20 08/29/11.
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Today's Featured Article - Hydraulics - Cylinder Anatomy - by Curtis von Fange. Let’s make one more addition to our series on hydraulics. I’ve noticed a few questions in the comment section that could pertain to hydraulic cylinders so I thought we could take a short look at this real workhorse of the circuit. Cylinders are the reason for the hydraulic circuit. They take the fluid power delivered from the pump and magically change it into mechanical power. There are many types of cylinders that one might run across on a farm scenario. Each one could take a chapter in
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