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
A. nonconforming states.
B. lien theory states.
C. conforming states.
D. title theory states.
Homework Answers
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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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...
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.
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