Business, 27.06.2019 22:30 walterzea70

Acontract in which the vendor (seller) agrees to convey the title to the real property after the vendee (buyer) has met certain named conditions, and which does not require conveyance within one year, is ordinarily used in the case of a buyer who can only make a small down payment and monthly installments. this type of contract, because it holds disadvantages for both the seller and the buyer, is no longer a popular financing instrument in california. this is known as a(n):
mortgage.
installment land contract, also known as an installment sales contract.
open-end mortgage.
secondary mortgage market loan, such as fannie mae, ginnie mae, or freddie mac.

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Acontract in which the vendor (seller) agrees to convey the title to the real property after the ven...

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