A seller enters into a contract with a buyer to sell his house for $400,000. The buyer cannot obtain complete financing, and at the closing, the buyer and seller enter into a contract for deed. On signing the contract for deed, the buyer's interest in the property is that of

(1pts)

Question 15 - A seller enters into a contract with a buyer to sell his house for $400,000. The buyer cannot obtain complete financing, and at the closing, the buyer and seller enter into a contract for deed. On signing the contract for deed, the buyer's interest in the property is that of

	legal title.
	joint title.
	mortgagee in possession.
	equitable title.