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| Owner FinancingThe seller provides financing so that the buyer does not have to go through a bank or traditional sources to obtain funding to purchase the property. The seller does not receive all proceeds at once, as in a traditional closing where the buyer obtains bank financing, but the seller does receive interest in addition to the principal. See also:OfferOpen End LoanOpen ListingOptionOrigination FeeOwner Financing | See also: Real Estate Glossary
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