What is a Seller Carryback or Seller Financing?
A Seller Carryback is an alternative way to buy a home without using a traditional lender. In the State of Arizona, properties are owned by Trust Deeds and are financed by “Notes” not “mortgages”. The instrument used to finance a property is piece of paper describing the amount owed known as the “mortgage note”. This type of financing allows property owners in Arizona to create their own financing through a title company called a “seller carryback”. In this situation, the buyer receives the same type of title another buyer would receive if they were going through a local bank. There is no underwriting needed to obtain a “seller carryback” like a buyer would need going through a traditional lender. The only determining factor is discretion of the owner and whether or not he wants to carry the financing for the buyer. If you’re interested in receiving a list of homes that offer seller financing, please contact us. We will be happy to search seller carryback homes and email any homes that
