Contracts
The Utah REPC Seller Financing Addendum is used when:
AThe buyer obtains a conventional loan from a bank
BThe seller agrees to carry back a portion of the purchase price✓ Correct
CThe buyer assumes the seller's existing mortgage
DThe lender requires seller concessions at closing
Explanation
The Seller Financing Addendum documents the terms under which the seller will carry back financing for all or part of the purchase price.
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