selling orchard to llc

Yet they can't get a loan from a lending institution? Trust me, you are not smarter than the bank that won't lend them the money to purchase your property. Any buyer who needs seller financing is a bad credit risk regardless of how "upstanding financially stable" they say they are. Any seller who agrees to seller financing is either desperate or a fool or a desperate fool (I learned that the hard way).

Your biggest concern is likely your lack of knowledge of the foreclosure process. I suggest you read up on the two types of foreclosure available in CA and then hire a lawyer to draw up the contract to properly protect you.

Foreclosure - foreclosure_housing_selfhelp

Make sure you include the power of sale clause so you have a choice. Also include provisions that allow you to sell the note at any time. High interest notes that perform for a couple of years are attractive to investors and you might get 70% or so of the balance so think about that in your pricing and interest rate.

Then you either do the deal their way or tell them to take a hike.

Up to you.

 

MY concern has been, and always will be, get the money before you close the deal.

I'm not a bank.

I don't carry paper.

Well, with one exception, I do carry paper with pictures of DEAD PEOPLE on the paper, as in US PAPER CURRENCY.

The only checks I take in big deals, are certified checks or cashiers checks.

I have taken "bearer bonds".

I am better off owning land, than carrying "funky, funny paper" for GRIFTERS, PRETENDERS, and PERPETRATORS!

Do yourself a favor, sell the property ONLY if you get cash, a cashiers check, an ACH deposit, a certified check, or "bearer bonds".

Financially responsible people don't ask sellers to carry paper.