When purchasing real property in which financing is involved, the Buyer may seek financing from a third party or from the Seller. In many real estate transactions, title and possession of the real property are delivered from Seller to Buyer by a Closing date. However, n certain transactions, especially when financing is provided by the Seller, possession is delivered to Buyer but title is held by Seller until a date in the future. In many cases, the transfer of title is withheld until Seller has received the payment price in full from Buyer. These type of real estate transactions are commonly known as executory or "rent-to-own" contracts.