What Is a Vendor Take-Back Mortgage?

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Tip 1 - Vendor Take-Back Mortgage Definition | Investopedia

Published: 9 years, 6 month(s) ago | Submitted by Senior Velcro | permalink

A type of mortgage in which the seller offers to lend funds to the buyer to help facilitate the purchase of the property. The take-back mortgage often represents a secondary lien on the property, as most buyers will have a primary source of funding other than the seller.
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For further reading: http://www.investopedia.com/terms/v/vendor_take_back.asp ^[1]

Tip 2 - What is a Vendor Take Back? - Definition from Divestopedia

Published: 9 years, 6 month(s) ago | Submitted by Jacquie Lewis | permalink

Vendor Take Back VTB Definition - A vendor take back is a type of non consideration often used by buyers to finance the total purchase price of a company....
Tags: valuation,types-of-consideration,sale-process,enterprise-value,capital-structure

For further reading: http://www.divestopedia.com/definition/786/vendor-take-back-vtb ^[2]

Tip 3 - What Is a Vendor Take-Back Mortgage? | eHow

Published: 9 years, 6 month(s) ago | Submitted by skidrowrocks | permalink

Many people take out mortgage loans from lenders such as banks or credit unions to purchase property. Some buyers, though, need additional financial help over and above the mortgage loans for which they qualify. A vendor take-back mortgage is one method in which a property seller can help a buyer who needs financial assistance to complete the...

For further reading: http://www.ehow.com/facts_6140068_vendor-take_back-mortgage_.html ^[3]