Contracts
A land contract (contract for deed) in Iowa is a financing arrangement where:
AThe buyer receives the deed upon signing the contract
BThe seller retains title until the buyer completes all or a specified portion of the payments✓ Correct
CThe government loans the purchase price directly to the buyer
DA third-party trustee holds the deed indefinitely
Explanation
In a land contract (contract for deed), the seller finances the purchase and retains legal title until the buyer fulfills the contract terms (often making all payments). The buyer receives equitable title and possesses the property but does not receive the deed until payments are complete.
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