Legal Question in Real Estate Law in California

Re: Selling portions of a property

Your uncle and aunt should give you a promissory note

for the amount owed and a deed of trust giving you

a security interest in the property in case you don't

get paid. You can get forms at libraries, stationary

stores, Nolo Press or you can consult with a local

attorney. A title insurance company might help you. I strongly recommend legal advice, however,

because there are always other issues that lay persons can't anticipate.

Re: Selling portions of a property

Selling a fractional interest in real estate is remarkably similar to selling the entire interest, but there is, obviously, an added dimension to the documentation, disclosure, etc., and severe limitations on the type of financing that can be obtained. I recommend using professionals to handle this. You may not need an attorney, but at least retain a real-estate agent/broker and process all the documents though a title or escrow company (terminology varies by county within California).