Contracts
Under Louisiana law, a bond for deed contract allows the buyer to:
AImmediately receive a notarized Act of Sale
BTake possession and make payments, with the deed delivered upon full payment✓ Correct
CBypass the need for title insurance
DAvoid paying property taxes until the deed is delivered
Explanation
A bond for deed (contract for deed) in Louisiana allows the buyer to take possession and make installment payments to the seller, with the Act of Sale (deed) delivered only after all payments are made. Louisiana law provides specific buyer protections under this arrangement.
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