This section is from the book "Real Estate Accounts", by Walter Mucklow. Also available from Amazon: Real Estate Accounts.
While subdivision properties may be acquired in the usual manner by a deed of conveyance paid for by cash or by a mortgage payable, the method employed sometimes is quite different. The concern selling on contract may itself be buying under a contract, or it may have merely a selling contract, the title remaining in the owner and the concern acting as an agent. Examples of these methods are shown in detail in SectionSection 200, 204, 232, and 250.
 
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