Anybody familiar with land contracts/owner financing?

[Jacques Herve]

Any experience with these? Looks good on paper: - owner retains legal title to property -so protected against buyer's default- - buyer pays for property taxes, insurance and maintenance (kinda "triple-net'" on residential) - owner gets down-payment and higher yield, buyer gets non-bank financing -can even be wrapped around existing mortgage so seller can get a margin above original mortgage payment That's on paper. Anybody has real life experience?