Seller carryback and private mortgage note transactions run on precise terminology. This glossary defines 15 core terms real estate professionals need to structure, service, and trade private notes — from promissory notes and amortization schedules to acceleration clauses and seasoned note criteria — so every party understands their rights and obligations.
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The complete glossary of private mortgage and seller financing terms — promissory notes, deeds of trust, balloon payments, subordination agreements, and the servicing concepts that govern every private note from boarding to payoff.
A plain-language glossary of 15 essential private mortgage and seller financing terms — from promissory notes and deeds of trust to balloon payments, defaults, and workout agreements — written for private lenders, note investors, and mortgage brokers.
