Seller financing to refi problem

[Curtis J De Leon]

First off my wife and I are brand new to real estate investing, but are eager to learn and dive in. We bought a single family home as out first property through seller financing we was able to set up but... there's a snag. We have a balloon note due at the 18 month mark and we are trying to be proactive about setting up refinancing but the banks won't refinance because the deed is still in the sellers name. This is my fault because I was ignorant and didnt request that the seller file the deed with the county. Most of the banks I have spoken to tell me that in order to get a loan I would have to essentially rebuy the house from the seller and that just doesn't seem like something I want to do. Has anyone ever had this problem and if so how did you solve it? Thank you in advance