In Ohio, a land contract (contract for deed) is:
Correct Answer
B) A form of seller financing where buyer gets equitable title
A land contract in Ohio is a form of seller financing where the buyer receives equitable title and possession while the seller retains legal title until full payment.
Why This Is the Correct Answer
Related Concepts
In the context of foreclosure, a deed transfers ownership of the foreclosed property to the new owner, typically the buyer at a foreclosure sale.
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