Seller Finance Preparation and Strategy

[John Dunbar]

Looking for some advice prior to meeting with a seller about purchasing his mobile home park which also includes 2 duplexes. Room for increased rent and additional lots available. All the signs line up that this can be a great opportunity to pursue seller financing. Owner is 70 year old MD who is retiring, and under the current assumption that the property is paid off. Has been listed for 140+ days, decreased listed price 3x, etc. 

Can the seller legally sell it as "seller financing" if it is currently listed with an agent?

Can we sell the property prior to the agreed upon amortization when financing via "seller financing"?

Upon meeting, legal documents needed for seller financing directly with seller? Can a title attorney handle this?

Also any tips or strategies would be appreciated. Thanks!