ContractsContract For DeedMEDIUM
Wyoming contract for deed (installment land contract) means:
Correct Answer
B) Seller retains legal title until buyer completes all payments
The seller retains legal title while the buyer makes installment payments and has possession. Common in rural Wyoming where conventional financing may be difficult to obtain.
Answer Options
A
Deed delivered immediatelyB
Seller retains legal title until buyer completes all paymentsC
Only for commercial propertiesD
Requires bank financingWhy This Is the Correct Answer
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Related Topics & Key Terms
Related Topics:
seller-financingrural-WY
Key Terms:
contract for deedrural WY
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