Finance
A Louisiana property seller offers to take back a second mortgage for part of the purchase price. This technique is called:
AA blanket mortgage
BPurchase money second mortgage (seller carry-back)✓ Correct
CAn open-end mortgage
DA growing equity mortgage
Explanation
A purchase money second mortgage (or seller carry-back) occurs when the seller provides financing for part of the purchase price in the form of a second mortgage — helping bridge the gap between the buyer's funds and the first mortgage.
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