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lien-theory states |
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lien-theory states States that treat a mortgage solely as a security interest in real property, with title to the property retained by the borrower. Contrast with title theory states, in which the actual title to the property passes to the creditor,who then has an obligation to reconvey it to the debtor when the loan has been paid in full.Contrast also with hybrid theory,a mixture of the two. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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