Imputed Tax Dodge? Longer Amortization Period

[Bryan Hancock]

If one were to make the amortization period for a seller carried loan something like 99 years with a 30-year balloon instead of making the interest payment below "market" would this be subject to imputed tax by the IRS? Would there be any legal or other issues with using this tactic to avoid imputed tax?

BTW...the title of this thread should read "imputed"...I can't fix the title for some reason though. If a mod can fix it please do so.