Contracts
Under an Indiana land contract (contract for deed), the vendee (buyer) receives:
ALegal title immediately upon signing
BEquitable title, with legal title passing only upon full payment✓ Correct
CA deed that is held in escrow until 50% is paid
DNo interest in the property until closing
Explanation
In an Indiana land contract, the buyer (vendee) receives equitable title and possession while the seller (vendor) retains legal title. Legal title transfers to the buyer only after the purchase price is paid in full.
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