Contracts
Under Washington law, a real estate sales contract where the buyer makes payments directly to the seller over time, and the seller retains legal title until the contract is paid off, is called:
AA wraparound mortgage
BA contract for deed (land contract)✓ Correct
CA lease-purchase agreement
DA deed of trust installment sale
Explanation
A contract for deed (also called a land contract or installment sale contract) is an arrangement where the buyer makes payments to the seller, who retains legal title until the purchase price is paid in full, at which point the deed is delivered.
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