"One, Two, Three" Financing
The definition for "One, Two, Three" Financing:
A method of creative financing by which the buyer (1) assumes an existing loan, (2) secures a second loan from a third party lender, (3) takes a third loan from the seller.
Secondary FinancingSecondary Financing
A loan secured by a mortgage or trust deed, which lien is junior (secondary) to another mortgage or trust deed.
Underlying FinancingUnderlying Financing
A mortgage, deed of trust, etc., prior to (underlying) a land contract, mortgage, etc , on the same property.
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