Vendor Take Back

Definition

  • In order to sell a property, the seller will provide all or some of the financing to ensure the transaction.

Synonyms
private funding, seller assistance, loan

Alternate Spellings
take-back

Related Terms and Acronyms

  • Creative Financing Definition,
    • An innovative or unusual way of structuring a home loan that allows the buyer to buy the house.
  • Owner Financing (OF, O/F, OWN) Acronym,
    • A transaction in which the seller lends all or part of the money to the buyer.
  • Seller Carryback Definition,
    • 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.
  • Vendor Definition,
    • The seller of a property.
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