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I have a question, but have to set the stage.
Bob has 3 acres of land and on it sit 3 buildings. An Auto Shop, a Tire shop and a Bar/Grill. Each building sits on it's own acre.
Bob sells all three acres and all three building to Billy for 250,000. Billy has to puts 50,000 down and has 10 years to pay the rest.
4 years into it Bob dies and Mrs. Bob takes over and Billy now starts paying Mrs. Bob. Another year passes and Billy is now 1/2 way through his contract with Bob.
Can Billy Sell 1 acre with the Bar on it to Joe?
Billys doesn't want Mrs. Bob to get the money. He wants to pocket the money and continue on with his contract.
Possible?
Bob has 3 acres of land and on it sit 3 buildings. An Auto Shop, a Tire shop and a Bar/Grill. Each building sits on it's own acre.
Bob sells all three acres and all three building to Billy for 250,000. Billy has to puts 50,000 down and has 10 years to pay the rest.
4 years into it Bob dies and Mrs. Bob takes over and Billy now starts paying Mrs. Bob. Another year passes and Billy is now 1/2 way through his contract with Bob.
Can Billy Sell 1 acre with the Bar on it to Joe?
Billys doesn't want Mrs. Bob to get the money. He wants to pocket the money and continue on with his contract.
Possible?