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ContractsContract_for_deedMEDIUM

A contract for deed in Vermont means the seller:

Correct Answer

B) Retains legal title until full payment is made

In a contract for deed, the seller retains legal title while the buyer makes installment payments and has possession. The deed transfers only after the full purchase price is paid.

Answer Options
A
Delivers the deed immediately
B
Retains legal title until full payment is made
C
Provides conventional financing
D
Donates the property

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Related Topics & Key Terms

Related Topics:

seller-financingequitable-titleforfeiture-risk

Key Terms:

contract for deedseller retainsequitable titleinstallment
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