Subject to Financing _ Tittle Company or Attorney?

[Edgar Ruelas]

So, I found a house that was placed for sell on MLS, then it was taken down by the seller a few weeks after. The house didn't sell. I knocked on seller's door and asked if he was interested in selling and he says yes. The seller is just not interested in selling through a real estate agent and wants to do something more on a person-to-person deal.

After talking to him he’s open in either “option to buy” or “subject to financing” – I’m exited as this would be a great deal since the seller is willing to give me a 3% interest basically to take over the mortgage payments and 5 years to pay out the equity $400K.

Now, I have never done anything besides the regular real-estate agent / Bank / Tittle company and close the transaction.

Is there a path I have to take?

Any recommendation on going through an attorney or Tittle company instead? Any recommendations are welcome

Any specific contract I should be using (I’m in California)? (I need to seal the deal…)

Does the deed need to be changed to my name? worried about the deed being called by the bank...

Thanks…