Business / Real Estate / Carry-Back: Financing where the seller takes back a note for part of the purchase price secured by a junior mortgage, wraparound mortgage or contract for deed.
Business / Real Estate / Cash-Out: When a seller of a property wants to receive the entire sales price in cash with no carry-back financing. MORE
Business / Real Estate / Cash-Out Scheme: Where a buyer offers a large cash downpayment and asks the seller to carry-back the balance as a subordinate trust deed. MORE