Anyone with experience doing owner financing in Massachusetts?

[Colleen F.]

I have a condo we bought cash a year ago in Massachusetts and we want to sell. I would meet the dodd frank exceptions if we owner finance the condo.  We are considering this because even though it is in a nice area, excellent school district, this complex has a large percentage of investors so financing may be an issue for a buyer.  We don't need the money right away so our best option may be to owner finance with a  5 year balloon.  Does anyone have experience with this? Just have a lawyer draw contract and record the loan?  I want to know how complex it is before we offer it this way.   Other advice from those in the know?