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Which of the following is TRUE about seller financing in Texas?

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Question & Answer

Review the question and all answer choices

A

Sellers cannot finance property sales

B

Seller financing requires TREC approval

C

Seller financing with a wrap-around mortgage is allowed

Correct Answer
D

Seller financing is limited to commercial property

Why is this correct?

Texas allows seller financing including wrap-around mortgages, where the seller's existing loan remains in place.

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