FinancingHARD
In lien theory states, mortgage lenders:
Correct Answer
D) Never retain title to property
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.
Answer Options
A
Also retain titleB
Hold title until 25% paidC
Conduct foreclosure through non-judicial proceedingsD
Never retain title to propertyVideo Explanation3 min
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Related Topics & Key Terms
Related Topics:
foreclosure-proceduresmortgage-typesreal-estate-title
Key Terms:
lien theorytitle theorymortgageborrower retains titlejudicial foreclosure
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