re: Buying A Home With Owner Financing

Make sure you speak with an attorney that is familiar with real estate transactions and does an abstract/title examination to ensure there are no title issues (this would be required if you go through a traditional lender.)

However, you can ask the seller a few questions now which will help identify many of the most common issues that arise.

Are there any open mortgages?
Are there any other encumbrances against the seller or the property? (liens/judgments/etc.)
Is/was he married? If so, status of spouse? Depending on this answer, there may be more questions.