Finance
A West Virginia seller who carries back a purchase money mortgage is acting as:
AThe borrower
BThe lender, financing part or all of the buyer's purchase✓ Correct
CAn agent of the institutional lender
DA guarantor for the buyer's conventional loan
Explanation
In seller financing (purchase money mortgage or deed of trust), the seller acts as the lender, accepting deferred payments from the buyer rather than receiving the full purchase price at closing. The property serves as collateral.
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