All Forum Posts by: Ricky DeBoliac

Question for some of you more knowledgeable bigger pockets members.. my mother purchased a commercial piece of real estate via seller financing 10 years ago. I have reviewed the contract and do not see a beneficiary should the seller pass away. It was brought to our attention that the seller passed away recently and my mother has continued to pay with a check like she always has however we do not know who is cashing them or who has the deed when the loan is paid off next year. Has anyone ran into this before and understand how this works?

@Matt Lyons

Matt thanks for this post. I do not own any doors yet but will by the end of the year. This post re assured me I am making the right decision by getting into real estate investing.