Under which of the following contract devices does a seller usually retain title on a property until the full price for the property is paid?
A) Mortgage
B) Land sales contract
C) Deed of trust
D) Strict foreclosure

Question

Quizplus · Accepted Answer

The land contract is a device for securing the balance due from the seller on the purchase price of real estate. The buyer agrees to pay the purchase price over a period of time. The seller agrees to convey title to the property to the buyer when the full price is paid.

Under Which of the Following Contract Devices Does a Seller