Which of the following documents conveys title to a property at the time the purchaser completes the performance of the obligation called for in the document?

Question

Quizplus · Accepted Answer

A land contract, also known as a contract for deed, is a financing agreement where the seller retains legal title to the property while the buyer takes possession and makes payments. Title is conveyed to the buyer only after the completion of all payments or fulfillment of other conditions specified in the contract. This contrasts with traditional mortgages, where the buyer receives title at the time of the sale but the property is encumbered by the mortgage.

Which of the Following Documents Conveys Title to a Property