any legal eagles out there {{{UPDATE===UPDATE}}}}

Agree with the opinions......from people who have no idea what they're talking about.
Just do the deal bank to bank. His lender and your banker. Your banker verifies the loan with his bank.
After you 2 cut the deal, your bank releases the funds to his and he verifies.
I've done long distance purchases like this before. It works and you both have 2 banks to trust that it's not a scam....by either party.