1. Describing a property sale where the seller provides financing to the buyer instead of the buyer obtaining a traditional mortgage from a bank or lending institution
They purchased an owner-financed home with a down payment and monthly installments paid directly to the previous owner.
Eles compraram uma casa financiada pelo proprietário com uma entrada e parcelas mensais pagas diretamente ao proprietário anterior.
2. A transaction where the property seller acts as the lender, holding the mortgage or deed of trust
The owner-financed deal allowed them to buy the property without bank approval.
O acordo financiado pelo proprietário permitiu que eles comprassem o imóvel sem aprovação bancária.