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Sorry that should have read "pound sand". As in I'd never sell it to you because I WOULDN'T be getting it at the same speed. When you (the buyer) have a traditional loan, your bank pays me a lump sum, and I walk away never to be seen again. The loan is strictly between you and your bank/lender.
With the scenario you're proposing, I (the seller) become your bank, and it is beholden on me to make sure you're paying me off correctly and in a timely manner. Again, I'm sure you can find someone willing to do that, but you shouldn't assume that every seller out there is going to be willing to finance the house for you on their own dime.
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