Some states interpret a mortgage to mean that the lender is the owner of mortgaged land. Upon full payment of the mortgage debt, the borrower becomes the landowner.
Related information about title theory:
- title theory - Legal Definition
title theory definition: nounA property-law doctrine that a mortgage transfers title to a property to the mortgagee, who holds it until the mortgage has been paid off, ...
- 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
... The mortgage; 6.1.2 The deed of trust; 6.1.3 Security deed. 6.2 "Title theory" and "lien theory". 6.2.1 Priority. 7 Assignment; 8 See also; 9 Notes and references ...
- United States Map of Title Theory States and Lien Theory States ...
TITLE Theory States v. LIEN Theory States · T - ALABAMA · T - ALASKA · T - ARIZONA · T - ARKANSAS · T - CALIFORNIA · T - COLORADO · L - CONNECTICUT ...
- Title-Theory State: Definition from Answers.com
State in which the law splits the title to mortgaged property into legal title, held by the lender, and equitable title, held by the borrower.
- MERS Tutorial: LIEN Theory vs. TITLE Theory
TITLE Theory. There are two methods in the United States to secure loans made for the purchase of real property. In the first five parts of this Tutorial, we really ...
- Lien Theory States vs. Title Theory States and the Speed of ...
Lien theory states subscribe to a different ownership paradigm than do title theory states.
- Two Faces: Demystifying the Mortgage Electronic Registration ...
Repository Citation. Christopher L. Peterson, Two Faces: Demystifying the Mortgage Electronic Registration System's Land. Title Theory, 53 Wm. & Mary L. Rev.