A state in the U.S. in which an individual who takes out a mortgage to buy a property holds the title to the property. In a lien theory state, it may be more difficult for a bank to foreclose on a property because the bank does not hold the title. In a title theory state, on the other hand, the bank holds the title to the property until the mortgage is paid off.
Related information about lien theory state:
- United States Map of Title Theory States and Lien Theory States ...
T - ALABAMA · T - ALASKA · T - ARIZONA · T - ARKANSAS · T - CALIFORNIA · T - COLORADO · L - CONNECTICUT · L - DELAWARE · T - D.C. · L - FLORIDA ...
- What Is The Difference Between a Title Theory and a Lien Theory ...
Mar 17, 2000 ... Often a buyer wonders if he is buying property in a state which is considered a " title theory state" or a "lien theory" state. Why would you need to ...
- Mortgage law - Wikipedia, the free encyclopedia
[edit] "Title theory" and "lien theory". In the United States, some states are "title theory" states while most are "lien theory" state. In lien theory states, a mortgage or ...
- What is lien theory state? definition and meaning
Definition of lien theory state: A state in the U.S. in which an individual who takes out a mortgage to buy a property holds the title to the property. In a lien theory ...
- Who Really Owns Your Home? - National Bankruptcy Forum
In lien theory states, the borrower owns title to their home despite the outstanding mortgage obligation. The borrower, in a lien theory state, holds the deed while ...
- Is Florida a lien theory state or a title theory state
Florida is a lien theory state. You are the title holder of any property you purchase and your deed must be recorded in the land records. If you borrow money to ...
- lien-theory state - Business Definition
lien-theory state definition: A state in which the buyer of property holds the deed, and the mortgage held by the lender becomes a lien that is removed when the ...
- Allan S. Glass on Realtor.com » Blog Archive » Understanding The ...
Most of us understand that when we borrow money to buy real estate we sign a document that requires us to pay back the money over time to the bank.