Contracts
A Pennsylvania installment land contract (agreement for deed) transfers equitable title to the buyer while:
AThe buyer holds legal title and the seller holds equitable title
BThe seller retains legal title until all payments are made✓ Correct
CA title company holds title in trust
DThe county recorder holds title until final payment
Explanation
In a Pennsylvania installment land contract, the buyer receives equitable title (right to possession and to receive the deed upon completion) while the seller retains legal title until the full purchase price is paid. This arrangement is sometimes used when conventional financing is unavailable.
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