Just An Idea
What do you guys think about the idea of creating holding entities, like a trust or an LLC, and then selling the entitiy on terms to the T/B, instead of selling the house on terms to the occupant. This way, it's a commercial transaction since you're selling a company to the other individual rather than a house. You could stipulate in the sale contract of the company that the buyer does not have authority to encumber the assets of the company in any way untill the debt has been paid so that you could protect the deed, and then if the T/B failed to make payment, you could file a forceable detainer suit right away, without all of the BS notices and requirements for trustee sales, etc. What do you think?
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