58d57c37_TERMS___Whitehorse_Real_Estate__Definition
[Term] Vendor Take-Back Mortgage [Definition] 
Mortgage financing arranged between the seller of the property and the buyer. Often this type of loan is a second mortgage, which the seller is willing to arrange at below market rates to allow the buyer to purchase the house. Most of these arrangements are not renewable or transferable to the next owner of the house.
WHITEHORSE REAL ESTATE TERMS - Whitehorse Real Estate
Definition