Posted by Brandi_TX on January 29, 2001 at 24:20:53:
As always, you should run this by a proffessional in your own neck of the woods, but usually whoever inherets the property also inherets the contract the seller has with you. Meaning they must perform as the original seller would have.
This is assuming all docs were written up and executed correctly AND that the seller’s affairs were handled correctly.
As for the lender calling the loan due, this shouldn’t be a problem either because the law allows for a transfer of title to a relative upon death. (I don’t have the specific verbiage in front of me.)