Topic Title: Owner Carry - 2nd position

First Post:

I am having a hard time selling my home (surprise!). I have received an offer and the buyer wants me to carry 20% for 1 year. He is putting down 10% and the bank is financing 70%.

Being that I am going 2nd on the loan. I am concerned about the risks. If he pays the bank but stops paying me, how can I foreclose on him?

Can I go after his other assets (car, other home, bank account)?
What should I do to reduce my risk and cover all bases?

Link to original post: Owner Carry - 2nd position