Finance
A Massachusetts seller 'carries back' a portion of the purchase price by agreeing to accept payments from the buyer over time. This is called:
AA wraparound mortgage
BSeller financing (purchase money mortgage)✓ Correct
CA blanket mortgage
DAn open-end mortgage
Explanation
Seller financing (or a purchase money mortgage) occurs when the seller takes back a note and mortgage from the buyer, in effect lending the buyer part of the purchase price.
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