Financing Practice Question | Real Estate Exam | EstatePass

Financing

In lien theory states, mortgage lenders:

A

Also retain title

B

Hold title until 25% paid

C

Conduct foreclosure through non-judicial proceedings

D

Never retain title to property

Explanation

In lien theory states, the borrower retains title to the property, and the lender only has a lien. In title theory states, the lender holds title until the loan is paid off.

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