Owner financing

[Dominic Wentz]

 I am looking at a home for sell by owner and the owner is offering owner financing. I have not been in the home yet I will be looking at the property next week. If every thing looks good to me I will have the home inspected. 

  My situation is I can not get traditional financing at this time. So I have been looking at for these types of investments for a while and have not found one that suites me until now. 

  My question is if every thing looks good and I decide to move forward, What do I need to do to protect my self. I have never done this type of transaction before and I am nervous and skeptical of this process. Example what if I make payments to owner/lender and upon final payment they decide not to deliver deed. I have realized that i do not know enuf to move forward with confidence.

 What are the do's and dont's? And what should I do first.