Real Estate Investing Quizzes-Owner financing refers to a real

Answer to Quiz

Owner financing refers to a real estate purchase transaction in which the seller provides all or part of the financing. True or False?

Answer: (a), True
"Owner financing" refers to a real estate purchase transaction in which the seller provides all or part of the financing. Sellers may provide financing because they need to sell the property quickly or they are having difficulty selling the house and want to provide financing as an incentive. Owner financing also is referred to as "seller financing."

Next Quiz:

TIC stands for:

(a) Total Investment Club
(b) Tenancy-in-common
(c) Trust-in-common
(d) Trust-incorporation

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