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seller carry back financing

Spanish translation: financiación a cargo del vendedor de la propiedad

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GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
English term or phrase:seller carry back financing
Spanish translation:financiación a cargo del vendedor de la propiedad
Entered by: Javier Velasco Valera
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18:50 Feb 17, 2007
English to Spanish translations [PRO]
Bus/Financial - Finance (general) / Financiamiento
English term or phrase: seller carry back financing
This is when the seller of the property carries a second trust deed and note against the property. Sometimes this is used when the buyer does not have enough down payment and can be useful since the seller will usually go at or below market interest rate and no closing costs. It helps the seller by having an income that is usually at a rate above what they would get in a bank.
Javier Velasco Valera
Local time: 04:03
financiación a cargo del vendedor de la propiedad
Explanation:
Seller carry-back

An agreement in which the seller provides financing for a home purchase.


Selected response from:

Susana Rosselli
Local time: 06:03
Grading comment
Muchas gracias!!!!
4 KudoZ points were awarded for this answer

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Summary of answers provided
4 +1financiación a cargo del vendedor de la propiedad
Susana Rosselli


  

Answers


40 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +1
financiación a cargo del vendedor de la propiedad


Explanation:
Seller carry-back

An agreement in which the seller provides financing for a home purchase.





    Reference: http://www.century21.com/espanol/learn/glossary.aspx?term_id...
Susana Rosselli
Local time: 06:03
Native speaker of: Native in SpanishSpanish
PRO pts in category: 8
Grading comment
Muchas gracias!!!!

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