Finance
A Texas seller offers to 'carry back' part of the purchase price as a second lien. This type of financing is called:
AAssumption financing
BSeller financing or owner financing✓ Correct
CBridge financing
DConstruction lending
Explanation
When a seller carries back part of the purchase price as a promissory note secured by a lien on the property, this is called seller financing (or owner financing). It allows buyers who may not qualify for full bank financing to purchase the property.
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