How ca I hold a mortgage for a buyer on a house I own outright?

Often times you will find that a title company is able to draw up the proper paperwork for you. One thing that you will need to do is to execute a purchase agreement or "contract" on the house. Here is the order that I would go about this.

1. qualify the buyer just like the bank would do
2. execute a purchase agreement
3. have the paperwork for the "loan" drawn up by a title company

Personally, I would hire an agent and have them fil out the contract for you and the purchaser so that everything is used on a state form. More homes are bought and sold with the forms that the agent uses than any other forms that you will find on the internet. Sure you could hire an attorney, but the attorney is an expert at the contract and not at the actual sales process and meeting the contingencies and deadlines that must be met and negotiated between a buyer and seller.