I am selling an investment rental property to another landlord. We have agreed to a purchase price. He will pay 0 down at closing and pay-off the purchase price over several years. I wil have a note and mortgage prepared. The property will be sold and the deed changed to the buyer at closing and the mortgage recorded. Do I as the lender and mortgagee have any liability for claims that occur on or b/c of the property? I know about financial risk of default I am talking about liability if someone gets hurt at property and sues new owner or any similar situation.