In certain states, such as the state of Florida, the transfer of title to the lender...

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In certain states, such as the state of Florida, the transfer of title to the lender...

In certain states, such as the state of Florida, the transfer of title to the lender does not occur until the borrower defaults. These states are referred to as

Multiple Choice

title theory states.
nonconforming states.
lien theory states.
conforming states.

business finance

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Answer 1

Answer #1

In Florida, the borrowers that engage in a mortgage are the legal title holders of that property.

This is because Florida is a state that practices lien theory, as opposed to title theory, that is used in other states

The answer is c) lien theory states

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Answer 2

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In certain states, such as the state of Florida, the transfer of title to the lender...

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