Carry-Back
Business / Real Estate / Carry-Back
Related Words
Carry-Back: Financing where the seller takes back a note for part of the purchase price secured by a junior mortgage, wraparound mortgage or contract for deed.
Cash-Out Scheme: Where a buyer offers a large cash downpayment and asks the seller to carry-back the balance as a subordinate trust deed.
Cash-Out: When a seller of a property wants to receive the entire sales price in cash with no carry-back financing.
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