Finance
A 'purchase money mortgage' (PMM) in Georgia is when:
AA. The buyer borrows from a bank to purchase the property
BB. The seller provides financing to the buyer as part of the sale transaction✓ Correct
CC. The buyer pays cash and then mortgages the property after purchase
DD. A government agency funds the purchase
Explanation
A purchase money mortgage is seller financing — the seller lends money to the buyer to complete the purchase. The seller holds a security deed against the property until the buyer repays the loan.
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