When a seller wants to close a sale of real estate but the buyer is not yet in a position to fully fund the purchase, the parties can close the sale with the seller taking from the buyer a purchase money note and mortgage in lieu of an all-cash payment. WeConservePA guide. 5 pages.
https://library.weconservepa.org/guides/25-seller-take-ba...
Year: 2024
Author(s): Andrew M. Loza and Justin Hollinger, Esq.
Organization/Source: WeConservePA (formerly Pennsylvania Land Trust Association)
Topic tags: Financing Conservation & Fundraising in General and Print Editions of WeConservePA Guides
Related guides: Installment Agreement and Seller Take Back Financing
Previous editions of this guide were published in 2009 and 2019.
