I am selling my property partly for cash and partly on payment. How do I make it into a contract to where I get my property back for non-payment?
Question Details: The buyer wants the deed in his name and, his lender's name. He is however willing to write a separate contract to pay me the rest on payments. I would like to regain my property if he defaults on his payments. How can I stipulate this and into a contract which safeguards my interests and ensures that I get my property back if nonpayment occurs.
I am a licensed KS attorney. I have handled land transactions of this nature. I would be glad to draft you a sales contract. Feel free to email me at sean@roadlawyer.net or call me at 913 441 5025 to discuss this further.
--Sean Santoro
Santoro Law Office
I am not admitted in Kansas. I would strongly suggest that you seek legal help in your area. A lawyer can help you draft whatever promissory note or contract you need for this endeavor. It sounds a bit complicated for this type of forum and I think it would be an injustice to try and write something that may not in the end be what you need to protect your interests. All contracts and agreements regarding real property have to be in writing and in compliance with state rules. Look here at attorneypages.com for starters. Good luck.
