Finance
In NH, 'seller financing' (also called owner financing) occurs when:
AThe seller pays all of the buyer's closing costs
BThe seller acts as the lender, accepting periodic payments from the buyer rather than receiving all cash at closing✓ Correct
CThe seller arranges for a bank loan on the buyer's behalf
DThe state provides funding through the NHHFA
Explanation
Seller financing (owner carry-back) occurs when the seller acts as the lender, accepting a promissory note and mortgage from the buyer in exchange for the property. The buyer makes payments directly to the seller.
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