Under an installment land contract treated as a mortgage in a lien theory state, what is the effect of a buyer default after seven years?

• A. The owner may retake possession immediately due to default.
• B. The owner may regain possession only after a foreclosure sale.
• C. The owner may retake possession through self-help immediately.
• D. The buyer can redeem by paying the remaining installments.

Answer: (B)