Escrow & Title
A Washington seller uses a 'seller carry-back' deed of trust for part of the purchase price. This means the seller:
ARetains title until the final payment
BBecomes a lender secured by a deed of trust on the property being sold✓ Correct
CLeases the property back from the buyer
DCarries back personal property from the sale
Explanation
In seller carry-back financing, the seller extends credit to the buyer and receives a promissory note and deed of trust as security. The seller holds a lien on the property in the amount of the carry-back, like any other lender.
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