Finance
In Virginia, seller financing (seller carryback) is a method where:
AThe seller borrows against the property to help the buyer
BThe seller acts as the lender, financing part or all of the purchase price with a deed of trust✓ Correct
CThe seller pays the buyer's closing costs
DThe seller's equity is used as the buyer's down payment
Explanation
In seller financing (carryback), the seller acts as the lender, accepting a promissory note secured by a deed of trust from the buyer instead of receiving full cash at closing. This is an alternative to institutional financing.
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