Contract for Deed Sale
I sold a 40 acre parcel under a contract for deed. The buyer of this 40 acres now is selling 20 acres of it to a third party. We both agree that the proceeds of this 20 acre sale will go to me. I still have the warranty deed for the 40 acres. How is this transfer accomplished? Do I sign the warranty deed to this third party? Does the original buyer quit claim his interest? Thanks.