Seller Financing Title Question!!!

[Brandon Kargol]

Hey BP Community,

Quick question. I have a seller who owns a free and clear property. We are going to do a seller financed deal. My question is this… During the term of the seller financing who maintains the title and deed of the property?

[Dion DePaoli]

What type of Seller Financing are you doing? 

That answer will dictate your answer.  Is the Seller offering you a mortgage/deed of trust or a land contract/contract for deed?  I suppose there could also be an option contract in that list as well.  You get the point, need that answer to tell you who will hold title.  In mortgage/deed of trust you will hold title.  In the others, the Seller will hold title.