When a seller offers a buyer "carryback financing," the seller acts like a "lender" and receives the "note" and "trust deed" documents. Both are signed by the buyer. The "trustee" does not play a role in this arrangement.


These are questions that the above text answers:

1. What is carryback financing in real estate?
2. In carryback financing, who acts as the lender?
3. What documents does the seller receive in carryback financing?
4. Who signs the note and trust deed documents in carryback financing?
5. What role does the trustee play in carryback financing?
6. What is the seller's role in carryback financing?
7. What is the buyer's role in carryback financing?
8. How does carryback financing differ from traditional financing?
9. What is the purpose of the note and trust deed documents in carryback financing?

With "seller carryback financing," the seller (as the "mortgage holder") will usually try to take back the property by using a "nonjudicial trustee's sale." This gives the borrower 90 days to pay back what they owe and keep the property before the sale process starts.


These are questions that the above text answers:

1. What is seller carryback financing?
2. How does seller carryback financing differ from traditional mortgage lending?
3. What is a nonjudicial trustee's sale?
4. How much time does the borrower have to pay back what they owe and keep the property in a seller carryback financing arrangement?
5. What role does the seller play in seller carryback financing?
6. What is the purpose of a nonjudicial trustee's sale in seller carryback financing?
7. What happens if the borrower fails to pay back what they owe within the given timeframe in seller carryback financing?
8. How does seller carryback financing provide an alternative to traditional mortgage lending?
9. What is the process for the seller to take back the property in seller carryback financing?
10. What is the timeframe for the sale process to start in seller carryback financing?