Finance
A seller carryback (purchase money mortgage) in Pennsylvania means:
AThe seller pays the buyer's mortgage
BThe seller provides financing to the buyer by accepting a promissory note instead of full cash proceeds✓ Correct
CThe buyer carries back any repair costs after closing
DThe seller retains the property until the mortgage is paid
Explanation
A seller carryback (purchase money mortgage) is when the seller acts as the lender, accepting a note and mortgage from the buyer rather than receiving full cash. The buyer gets financing through the seller without a traditional lender.
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