Seller Financing: What happens to the deed/title?

[Brian Huber]

Hi, I was just wondering about something when having to do with buying a house via seller financing.

If the seller owns the house free and clear, and they sell it to me with seller financing, how is the deed/title handled?  Is it transferred to me or stays with the seller until I refinance?

Additionally, if the seller still has a mortgage, does the deed/title stay with the bank?  And if I sell it, then gets transferred to the buyer's bank?

Any info would be great.  Thank you!