Well, it would be illegal, pretty stupid, and relatively pointless for us to not transfer the deed to you when the property is paid in full.
After you make payments towards the property, and you would have your receipts and statements to easily prove that you have, then you have Equitable Title to the property.
The seller is required, by law, to assist the buyer with getting the title into the buyer’s name or buyer’s entity name.
Equitable title allows you to place a lien on the property or file a lawsuit if the property is paid in full and the seller refuses to cooperate with putting the deed into your name.
It’s also a criminal act, essentially theft, if the seller refuses to cooperate in transferring the deed to the buyer.
In short, we do terms deals all the time and will gladly record the deed for you when the property is paid in full.