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Under an Installment Land Contract

Question 25

Multiple Choice

Under an installment land contract:


A) the purchaser receives title to the property after he makes the final payment.
B) the purchaser typically receives title to the property shortly after obtaining financing from the lender.
C) the purchaser takes possession of the property only after paying off the debt.
D) the lender is usually a commercial mortgage lender.
E) two of the above.

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