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09:13 Dec 21, 2000
English to Spanish translations [Non-PRO] Bus/Financial
English term or phrase:seller-financed mortgage
if any interest is from a seller-financed mortgage and the buyer used the property as a personal residence, see page xxxx
Explanation: Self financed mortgage:
If you are holding a mortgage on property that the buyer is using as a personal residence, you must list the amount of interest received from the buyer as your first interest item on the lines provided for details under Line 1 of Schedule 1 or B.