A trustee sale has resulted in foreclosure. The trustee must wait at least three months before:

Instead of using a deed and a deed of trust to secure a loan to transfer property, a seller realizes he can use a land contract. This means that the land contract:

a. is identical to a mortgage b. is another form of security c. is the same as a trust deed d. transfers title immediately to the buyer

In 2001, the tax laws were changed to allow substantial tax benefits for parents who wish to set aside money for their children's future college expenses

Indicate whether the statement is true or false.