Q: I purchased a home on land contract and the other party has passed away. Am I at risk of losing my home?
We went through a title company and everything was recorded with the city. The contract states that if the lady I bought it from passed away I would continue to pay her son. However, he has passed away also. They lived in Florida and no one has contacted me. I don't know what I'm supposed to do. I only owe 12k on the house and I don't want to lose it.
A: Just like when the mother passed away you continued to pay the son, so too should you be able to pay the estate of the son or whomever is specified in the land contract itself. You should absolutely continue to make payments but the question now is to whom. You should consult with an attorney in your area ASAP to review the land contract and advise you on your next steps.
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