Definitions for "Seller Take-Back"
An arrangement in which the seller becomes the mortgagee on a home purchase. Seller financing When the current owner of a house holds the mortgage loan for the buyer.
More commonly called seller carryback: A form of financing in which the seller of a property accepts a down payment and agrees to accept payments until the property is paid for.
An agreement in which the owner of a property provides financing, often in combination with an assumed mortgage.
An organization where members consist of primarily of real estate brokers and salesmen.