Under a land contract, who retains the legal title until full payment is made?

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Multiple Choice

Under a land contract, who retains the legal title until full payment is made?

Explanation:
In a land contract, the seller keeps the legal title to the property until the buyer has paid the full purchase price. The buyer, meanwhile, has equitable title and the right to possession and use of the property, but the formal deed remains with the seller as security until payoff. Once the last payment is made, the seller conveys the property by deed, transferring legal title to the buyer. This setup explains why the seller is the correct answer: the title is held by the seller until the contract is fully satisfied.

In a land contract, the seller keeps the legal title to the property until the buyer has paid the full purchase price. The buyer, meanwhile, has equitable title and the right to possession and use of the property, but the formal deed remains with the seller as security until payoff. Once the last payment is made, the seller conveys the property by deed, transferring legal title to the buyer. This setup explains why the seller is the correct answer: the title is held by the seller until the contract is fully satisfied.

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