Seller Financing Questions

[Ryan W.]

Hi! Hope everyone is having a great day!

I have a few questions about seller financing. I'm sure there are hundreds of things that you can change in a seller finance deal, but I'm interested in the most common scenarios :

1. Who owns the title? Me or the seller?

2. At what point in the purchase does the title change ownership?

3. If I sell this property prior to maturity of the financing, do I just pay for the remaining amount in a balloon payment as soon as I am able? Or can I take the money and reinvest elsewhere whilst still making payments on the seller financing deal?

4. Are seller financing and seller carry backs the same thing? (juvenile question, I know)

Thanks in advance.