Finance
What is 'seller financing' (owner financing) in Idaho real estate?
AWhen the seller pays the buyer's closing costs
BWhen the seller acts as the lender, accepting a promissory note and deed of trust from the buyer instead of cash at closing✓ Correct
CWhen a seller contributes to the buyer's down payment
DWhen the seller's mortgage is assumed by the buyer
Explanation
In seller financing (owner financing), the seller extends credit to the buyer. The buyer makes payments directly to the seller under a promissory note secured by a deed of trust.
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