The owner financing acts just like any other lending instrument. 

Code Section 40-10-74 says: If the mortgage or other instrument creating a lien under which a party seeks to redeem is duly recorded at the time of said tax sale, the said party shall, in addition to the time in this title specified, have the right to redeem said real estate sold, or any portion thereof covered by his mortgage or lien, at any time within one year from the date of written notice from the purchaser of his purchase of said lands at tax sale, served upon such party, and notice served upon either the original mortgagees or lienholders or their transferee of record, or their heirs, personal representatives or assigns shall be sufficient notice.

Your issue is that you can't get a heloc.But I gotta tell you - to decrease legal density just to get a finance instrument seems incredibly short sighted. 

Small details make a small difference in the effectiveness of a marketing campaign.You don't tune an instrument that you are not playing.

I would look into setting up a trust so the legacy goes beyond your mom and you, check options to convert the 401K into another instrument if that is still possible, look at something other than a mortgage and let me maybe show you a strategy called 3CX that would allow you to develop a constantly growing portfolio using a combination of reinvestment of cashflow and using line of credit financingI'll send you a connection request so we can setup a phone call if you are interested.

If you have a legal description (full-legal-description, including plat # or survey), I can assist on getting an abstractor's report, which pulls all instruments filed in the real property records on that parcel. 

Good ones, who know what to do, can do a lot without having you or the seller hire one of us lawyers - in other words, there are a number of curative instruments to get you marketable title. 

pivoting a little .... and searching that next market.. and very strong into debt instruments.

They will run the transaction to the finish line once all of the conveyance documents are in place, but MN has statutory requirements for the sale of any CIC building that you need to adhere to on top of making sure you have a compliant and beneficial instrument of conveyance (purchase agreement). 

Bond for Deed must be French Law.. never heard that term in my 44 years of real estate.I am assuming its a debt instrument like a mortgage or deed of trust.Zero % financing is great.. as long as your not paying double what its really worth.with those terms it leads me to believe that the seller is tired of managing this and the management could be Hi touch lots of work.. so if you think your ready.. that s a pretty decent deal in my mind..