Escrow & Title
A Nebraska seller agrees to carry back a purchase money mortgage. This means:
AThe seller pays the buyer's closing costs
BThe seller provides financing to the buyer as part of the sale✓ Correct
CThe mortgage is assumable by future buyers
DThe seller retains an ownership interest
Explanation
A purchase money mortgage (or purchase money deed of trust in Nebraska) means the seller acts as the lender, providing financing directly to the buyer. The deed is delivered to the buyer and the seller holds the note and deed of trust.
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