Seller Financing: Can someone clarify

[Daniel Mendez]

Good morning BP members,

So I am really trying to nail all the details about how seller financing works.

What I am still fuzzy about is:

1. Does the seller work with a third-party mortgage loan company to establish the loan that I have with him/her?

2. Do I work with a title company at all during the process?

3. Does seller financing only work when the seller owns the property free and clear?

4. Am I responsible for creating a loan amortization schedule to know how much I owe as I continue to do payments?

Thanks in advance!