Owner Financing Process (Seller Side)

[Guy M.]

I need some quick and specific help on how to sell a property using owner financing. There are tiny details that I want to be clear on. The questions I have:

- Is their an addendum that reflects the terms needed to go along with the contract?

- How would you require the buyer to make the payments every month? (send a check, direct deposit, escrow company, etc.)

- What documents get recorded? The buyer should not get a deed since I am financing, right?

- If the buyer gets the deed, how can I place a lien on it? Do I even place a lien on it?

Thanks for your feedback.