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

Would you do it?

I personally wouldn’t it’s too risky because nothing stops them from just not paying

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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

MommaBear · 26-30, F

@HumanEarth oh interesting I never even heard of it until today

HumanEarth · F

Get a lawyer involved. They get really cut the red tape and make the process easy.

This is how we bought our two farms