Selling with owner financing thru a Trust - Posted by KA

Posted by Sam on October 19, 2006 at 08:03:06:

Sell on contract for deed. Keep trust intact. Trustee will sign and buyer will sign.

Selling with owner financing thru a Trust - Posted by KA

Posted by KA on October 16, 2006 at 12:31:31:

I have property in a land trust that already has a 1st mortgage on it. I wish to sell it by offering owner-financing to a new buyer, meaning that I’m willing to carry back a 2nd.

How do I set this up so that I am protected and without overtly triggering the due on sale clause? What instrument vehicle(s) is/are best suited to doing this? Contract of Sale? Recorded or unrecorded?