1. instead of signing a bank note, you a contract for deed.
2. instead of recording a warranty deed, you record the contract for deed, the original warranty deed will held on escrow at closing till final payment is make or final balloon payment is make.
but you still go thru the same closing procedure, you still should get a title insurance for the deed.
2. instead of recording a warranty deed, you record the contract for deed, the original warranty deed will held on escrow at closing till final payment is make or final balloon payment is make.
but you still go thru the same closing procedure, you still should get a title insurance for the deed.