Finance
An Iowa seller who holds a purchase money mortgage acts as:
AThe mortgagee (lender) financing the buyer's purchase✓ Correct
BA co-signer on the buyer's bank loan
CAn escrow agent for the transaction
DA guarantor of the buyer's credit
Explanation
When a seller provides financing directly to the buyer (seller financing/purchase money mortgage), the seller acts as the lender (mortgagee). The buyer signs a promissory note and mortgage to the seller instead of obtaining a bank loan.
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