If you were selling property and someone asked if you would do a “owner financing loan”

The builder that sold the house to my parents that I grew up in did that .. but a 1100sqft rancher for $13.5k in the 1960's .. vs > $250k its listed for today with mom just moved into a patio home.

There are still legal documents and all, but lot of risk

I'm with those who are saying cash on the barrel up front. I don't have the stomach for trusting strangers in financial issues. Not that I trust banks to have my interests at heart at all but at least they are less likely to disappear into the ether & leave you hanging.

That's called a Land Contract and they can be set up in case either backs out. The payments gets transfer as rent payments. Say the buyer stops paying and the original owner still owns the land or home till the final payment is made.

Its called a No Fault Land Contract

I wouldn’t unless I knew some history on them.

I do think such a contract would have safeguards against that happening...

You have to have a big enough deposit so as to foreclose and evict them if they don't pay just like the bank would.

Fk no. Never lend people money in any form, with the exception of immediate family members (as long as they're not addicts).

Heck no
I want the money NOW!