Finance
A seller carry-back (purchase money mortgage or deed of trust) is a financing arrangement where:
AThe seller holds back a portion of the purchase price until inspections are complete
BThe seller acts as the lender and accepts a mortgage or deed of trust from the buyer in lieu of full cash payment✓ Correct
CA third-party lender holds back loan funds pending completion of repairs
DThe seller's lender agrees to assume the buyer's new mortgage
Explanation
A seller carry-back is a form of seller financing where the seller accepts a note secured by a mortgage or deed of trust from the buyer instead of receiving the full purchase price in cash. The buyer makes payments directly to the seller.
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