Contracts
A Vermont 'land installment contract' (or contract for deed) is a financing arrangement where:
AThe seller conveys deed and title immediately, with the buyer paying in installments
BThe buyer makes installment payments to the seller, who retains legal title until all payments are made✓ Correct
CThe state holds the deed until closing
DPayments are made to an escrow account only
Explanation
In a land installment contract (contract for deed), the seller retains legal title while the buyer takes possession and makes installment payments. Title transfers only when the purchase price is fully paid.
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