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17 January, 23:47

An arrangement in which the seller carries back a note executed by the buyer to evidence a debt owed for the purchase of the seller property is referred to as

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  1. 18 January, 02:56
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    self financing

    Explanation:

    self-financing is an arrangement of taking care of mortgage by the seller instead of by finance institution. In this arrangement mutual understanding is set up between the buyer and seller on mortgage. some amount of money is set aside as down payment by the buyer to the purchaser and the desired installment has made for further deposition of loan.
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