Question re lawsuit on a house I sold via seller-financing

[Sam Crochet]

Hi!

I received a threatening letter from a lawyer regarding an "accident" that happened at a house I used to own. I  owner-financed the house to the buyer (who now lives there and, from what I understand, is clearly the legal owner in light of our land sales contract), but my name is still on many of the public records as I have the deed (our contract allows me to hold on to it until buyer makes final loan payment) and still pay my old mortgage on the home (I make a few hundred bucks per month cash flow). The new owner pays all the escrow (insurance + taxes) and principal/interest each month. However, the insurance policy is still in my name.

Has anyone dealt with an issue of being sued for an incident on a home they used to own years after selling it via owner-financing? I assume the new owner will be recognized as such and will be considered in "control" of the property for whatever accident took place there after he bought it. Somewhat worried as my name is on the insurance policy (of course, they're the ones paying for that policy).

Thoughts? Any idea if I'm in the clear?

Thanks!!

Sam