Posted by dutch on June 17, 2006 at 16:59:54:
Ok, I misunderstood.
You are worried about them tearing the place up and forfeiting on the note? Then you are in the wrong business or very unsure of the worthiness of your buyer. Get better buyers, or don’t worry about it. Every lender, and YOU ARE A LENDER in a land contract, gets bad deals occasionally. Take measures to reduce the risk, then live with it. Or go do something else.
Just my opinion, worth the price you just paid for it.