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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,

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.

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