Selling commercial property to relative and holding the mortgage
I plan to sell some apartments that I own in New York State to my sister. The property has been in the family for over 40 years and there is no mortgage. She will be putting down a deposit for about a quarter of the selling price and I will be holding the paper for her. Neither of us live in NY state and so we would like to be able to do this transaction as easy as possible and to avoid legal fees.
Does anyone know what legal documents we will need to complete this sale?