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

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  • #20677

    Post count: 520

    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.

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  • Ron Mayfield
    Post count: 64

    Sounds too easy…good theoretical question for an attorney.

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