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HOw exactly do I get "released" from the mortgage? Is there an additional closing or costs involved at the end?

When the seller financed loan is paid of original seller or current note holder must file Satisfaction of Mortgage in the county where the loan was recorded. This is a very simple 1-2 page document that references the original loan and the fact the it was paid off. The recording cost is minimal, no documentary stamps are charged. The county recording office will then mail the original to the borrower.

The hardest thing in the economy os trying to buy a house, you have o have atleast a 720 score before they'll consider you and then it's still hard becase you hve to have atleast 20% down. Wow......but the up side is with seller financed you can still get a home, easier!!! This is so great, it makes life easier anyway. and right now, it's the best time, there are so many houses and land available that you can get the home of your dreams.

the easiest way if through a landsale contract, then you have everything alreadt recorded and when it's paid off you simply tranfer the deed

What is a Landsale contract, and how does it work? Is the interest rate higher with a land sale contract and is there a ballon that goes with it.

That seems easy enough!