Finance
In South Carolina, what is 'seller carryback financing'?
AThe seller physically carrying the buyer's belongings to the new home
BSeller-provided financing where the seller 'carries back' a note and mortgage from the buyer✓ Correct
CA type of government subsidy for home sellers
DA bridge loan provided by the seller's bank
Explanation
Seller carryback financing means the seller accepts a promissory note (backed by a mortgage) from the buyer as part of the purchase price instead of receiving all cash. The seller becomes the lender, and the buyer makes payments directly to the seller over time.
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