To avoid, or at least be able to sue a scum buyer who goes around your offer after he/she learns of it, use a document common in corporate transactions.

I am not saying this to make you feel bad, but rather to remind you that we have all made mistakes and that you are doing the right thing by coming here and speaking to attorneys to seek solutions.The laws vary from state to state, and the reason why you may be getting different answers is because sometimes there are overlapping statutes that may be applicable to this rather vague and incomplete document.

We would use our attorney for the documentation needed but don't really want them involved in interacting with the seller and not sure they would be the best person to guide the transaction.Would a title company provide this service?

@Matthew Terry - If you look on your HUD-1 (the document that breaks down all the costs of the loan) it will tell you if there is a pre-payment penalty.  

Document as you wish.

I'll only add that when he shows you his insurance documents, call the insurance company and verify that his policy is in effect before you hire him.

I do not understand where liability is from a servicer for enforcing the terms of the documents, which typically includes obtaining proof of insurance yearly.  

See Mindy Henderson for a referral.Here is a map showing in what states I can operate.http://mortgage.nationwidelicensingsystem.org/profreq/testing/Documents/UST%20Adoption%20Table%20and%20Map.pdfThe rest of the states require a LO to be approved by their state commission individually.

And always do transfers through an escrow agent in the US (or Canada or Europe for that matter, depending on where you are based): never ever release any money, unless all documents, title, property clearing is in place.

From reading and some experience looks like the lender will require a package from me (buyer and seller) requesting different documents.