LandInvestors.com Forums **Ask A Question** Protecting yourself from liability on term deal

  • Creator
    Topic
  • #20677

    Milan
    Participant
    Post count: 502

    As soon as you sell on terms, create a deed, date it get the stamp from notary and the date from him/er and the property is basically not yours anymore. But of course don’t show it to anybody and destroy it when they stop paying. If in I believe very rare occurrence you get sued for something, you immediately record deed with county. I believe this covers you from anything happening on your land and your liability toward it. Am I wrong? I am just reacting on Kathleen’s concern regarding contract payers living on your land.

Viewing 1 replies (of 1 total)
  • Author
    Replies
  • Ron Mayfield
    Participant
    Post count: 64
    Pro

    Sounds too easy…good theoretical question for an attorney.

Viewing 1 replies (of 1 total)

You must be logged in to reply to this topic.