purchase money

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See: price
References in periodicals archive ?
The Home Purchase Service is the company's new purchase money solution for the real estate, lending and title companies.
That means June was the first month since October 2014 during which purchase money loans accounted for 60% or more of mortgage loans in a given month.
A $1,860,000 purchase money mortgage for the acquisition of a mixed-use property, consisting of 5 residential units and 3,320 square feet of retail space, in Brooklyn.
This is frequently at issue after the customer sells the purchase money supplier's inventory collateral, and commingles the proceeds with the proceeds of other parties' collateral and/or unencumbered assets.
As a result, if the buyer lacks the necessary funds and cannot borrow due to insufficient collateral and established cash flow, the seller must be prepared to receive the purchase price over time--generally in the form of a purchase money note or mortgage.
ORLANDO - Marilyn Sperling, CEO of the $1 billion Greylock Federal Credit Union, told attendees at the 2015 NACUSO Conference that building strong relationships across all parts of the mortgage loan process is key to increasing market share of purchase money mortgages.
To close the gap between available bank loans and the amount needed to close a deal, many buyers and sellers are turning to the purchase money mortgage--a form of seller financing.
108(e)(5), the discharge of the purchase money debt is treated as a purchase price adjustment, a reduction of die basis of the property sold.
A survey jointly developed by the Consumer Financial Protection Bureau and the Federal Housing Finance Agency suggested cooperating with Realtors and striving to build a strong reputation with members may be the most important elements for drawing more purchase money loans.