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Vendor Take Back Mortgages/Rent to Own - What You Need to Know
(April 20, 2020)
Seller financing, also sometimes known as a vendor take-back mortgage, is a type of mortgage in which the seller lends funds to the buyer to facilitate the purchase of a property. “Rent to own” agreements fall into this category.
Seller financing is an acceptable alternative to securing financing through a traditional lender, however, when entering a deal that involves seller financing, we urge con... read more.
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