Finance
Which of the following is an example of seller financing?
AThe seller pays discount points on the buyer's new mortgage
BThe seller carries back a purchase money mortgage from the buyer✓ Correct
CThe seller credits the buyer for closing costs at settlement
DThe seller's bank provides a bridge loan to the buyer
Explanation
Seller financing (purchase money mortgage) occurs when the seller acts as the lender and accepts a promissory note secured by a mortgage from the buyer instead of receiving all cash at closing. This is often used when conventional financing is unavailable.
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