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26 September, 13:04

It is possible to have a secured real estate loan without a mortgage through the use of a contract for deed. In contrast to the standard real estate sale, which of the following events occurs after the closing when dealing with a contract for deed?

a. offer

b. acceptance

c. possession of the property passes to the buyer

d. title to the property passes to the buyer

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  1. 26 September, 16:51
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    D. The title of the property passes to the buyer.

    Explanation:

    A Contract for Deed is a tool that can allow buyers who either don't qualify for traditional lending options or who want a faster financing option to purchase the property ... The seller retains legal title to the property until the balance is paid; the buyer gets legal title to the property once the final payment is made.
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