Vendor Take Back

Definition

• In order to sell a property, the seller will provide all or some of the financing to ensure the transaction.

Synonyms
private funding, seller assistance, loan

Alternate Spellings
take-back

Related Terms and Acronyms

• Creative Financing — Definition,
  • An innovative or unusual way of structuring a home loan that allows the buyer to buy the house.
• Owner Financing (OF, O/F, OWN) — Acronym,
  • A transaction in which the seller lends all or part of the money to the buyer.
• Seller Carryback — Definition,
  • A form of financing in which the seller of a property accepts a down payment and agrees to accept payments until the property is paid for.
• Vendor — Definition,
  • The seller of a property.