When would seller financing NOT be used?
A) The seller desires to take advantage of the installment method of reporting the gain from sale
B) The buyer does not qualify for long term mortgage credit because of low down payment or difficulty meeting monthly payments
C) Third-party mortgage financing is less expensive or easily available
D) The seller desires to artificially raise the price of the property by offering a lower-than-market interest rate on the mortgage
Correct Answer:
Verified
Q21: A loan in which the borrower arranges
Q22: Which of the following is NOT an
Q23: Which of the following terms refers to
Q24: In jurisdictions where a deed of trust
Q25: A "short sale" of real estate is:
A)A
Q27: A senior mortgage holder is owed a
Q28: Which of the following statements is FALSE
Q29: Which of the following gives the lender
Q30: What is usually executed at the same
Q31: A short sale occurs when a buyer
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