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Wednesday, 29 January 2020
Agent Resource Center
Agent Resource Center

Question: Which of the following is an advantage to the seller of real property in using a conditional sales contract in the sale of property instead of giving a grant deed and taking back a large first trust deed?

Written by Posted On Saturday, 24 November 2018 05:00

(A) The seller can prohibit the vendee from recording the contract if the contract includes a clause prohibiting such recording
(B) A deficiency judgment can be obtained in the event of default
(C) Foreclosure proceedings are faster thereby permitting the vendor to recover possession quickly from the buyer
(D) None of the above

 

Answer:  (D) Choices (A), (B) and (C) do not offer a benefit to a seller using a land contract.

Read 145 times Last modified on Friday, 22 November 2019 16:11
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