Builders sometimes join basement walls so that, when see above ground, link houses look like singles on small lots. Multistory residential buildings containing apartments for rent or condominium units. A factory-built, single family dwelling designed to be transported to its ultimate site. They come in single widths or multiple width which have to be joined on site. It is a type of ownership.
Condominiums are most often in high-rise buildings or in row houses arrangements.
Vendor Take Back Mortgage - Mortgage financing arranged between the seller of the property and the buyer. The title is transferred to the buyer. Often this type of loan is a second mortgage which the seller is willing to arrange at below market rates to ensure the buyer can make the purchase of the house. Most of these arrangements are not renewable nor can they be transferred to the next owner of the house.