Definitions for "Seller carry back"
In a seller carry back agreement, the owner of a property provides financing, often in combination with an assumed mortgage.
Current property owner provides financing to the buyer, at times in combination with an assumed mortgaged.
An agreement in which the seller takes back a note for part of the purchase price secured by a junior mortgage, wrap-around mortgage, or contract for deed.
An amount that the seller of a business or real estate lends to the business in place of or as part of the borrower's injection.