1,506,773
Candice A. Donofrio's answer applies to Cali as well.
-
Teri Pacitto
Westlake Village, CA
-
Raj Taj
Lake Bluff, IL
-
Mary Yonkers
Erie, PA
-
Candice A. Donofrio
Fort Mohave, AZ
5,257,589
The mortgagee holds Title to the property in NC so, it's a Title Theory state.
In SC the property acts as security for the underlying loan so, it's a Lien Theory state.
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
Mary Yonkers
Erie, PA
-
Kathleen Daniels, Prob...
San Jose, CA
-
Raj Taj
Lake Bluff, IL
187,002
" "Generally" a corrupt state, reality, not theory."
-
Mary Yonkers
Erie, PA
-
Ryan Huggins - Thousan...
Thousand Oaks, CA
-
Kathleen Daniels, Prob...
San Jose, CA
-
Debe Maxwell, CRS
Charlotte, NC
1,057,404
No generally about it. Arizona is a lien theory state and when we buy property, we the borrower hold title while the lender holds a note and deed of trust secured by the property, recording a lien on the property until it is paid off.
-
Debe Maxwell, CRS
Charlotte, NC
-
Mary Yonkers
Erie, PA
-
Ryan Huggins - Thousan...
Thousand Oaks, CA
-
Lyn Sims
Schaumburg, IL
1,202,422
Massachusetts is a Title Theory state
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
Mary Yonkers
Erie, PA
-
Debe Maxwell, CRS
Charlotte, NC
-
Doug Dawes
Topsfield, MA
1,231,853
Good luck in Utah classes.
-
Teri Pacitto
Westlake Village, CA
-
Raj Taj
Lake Bluff, IL
-
Jerry Newman
San Antonio, TX
5,062,995
No generally - it's Lien Theory. See what Candice A. Donofrio says - it's the same in CA
-
Debe Maxwell, CRS
Charlotte, NC
-
Mary Yonkers
Erie, PA
-
Candice A. Donofrio
Fort Mohave, AZ
2,195,069
No Pre Licensing questions ! Pls.
-
Debe Maxwell, CRS
Charlotte, NC
-
Teri Pacitto
Westlake Village, CA
-
Mary Yonkers
Erie, PA
3,350,439
I've got one for you.
What does that mean?
What is the difference between the two?
And speaking in generalities - we either are or we are not.
I wish you all the best with your studies.
-
Debe Maxwell, CRS
Charlotte, NC
-
Raj Taj
Lake Bluff, IL
-
Mary Yonkers
Erie, PA
1,292,269
Texas is known as a title theory state where the property title remains in trust until payment in full occurs for the underlying loan. The document that secures the title is usually called a deed of trust but may also be referred to as a mortgage.
-
Raj Taj
Lake Bluff, IL
-
Debe Maxwell, CRS
Charlotte, NC
-
Mary Yonkers
Erie, PA
1,728,667
I am glad and frankly surprised that members are reading the answers here.
The poor Utah students' heads must be spinning~!
-
Debe Maxwell, CRS
Charlotte, NC
-
Mary Yonkers
Erie, PA
-
Candice A. Donofrio
Fort Mohave, AZ
1,325,749
The explanation provided by Candice A. Donofrio for Arizona applies to California, also.
-
Debe Maxwell, CRS
Charlotte, NC
-
Mary Yonkers
Erie, PA
-
Candice A. Donofrio
Fort Mohave, AZ
5,115,878
Title. And as far as I know, it either is or isn't... there's no generally about it.
-
Mary Yonkers
Erie, PA
-
Kathleen Daniels, Prob...
San Jose, CA
-
Doug Dawes
Topsfield, MA
6,424,196
-
Mary Yonkers
Erie, PA
-
Doug Dawes
Topsfield, MA
-
Bob Crane
Stevens Point, WI
2,222,275
Good luck with your studies.
-
Debe Maxwell, CRS
Charlotte, NC
-
Anthony Acosta - ALLAT...
Atlanta, GA
3,416,038
In NH the property is security for the mortgage.
-
Mary Yonkers
Erie, PA
-
Debe Maxwell, CRS
Charlotte, NC
1,389,105
Florida is a lien theory state.
-
Mary Yonkers
Erie, PA
-
Debe Maxwell, CRS
Charlotte, NC
1,093,347
Florida is lien theory. "Generally" does not exist, a state is either one or the other.
-
Mary Yonkers
Erie, PA
-
Debe Maxwell, CRS
Charlotte, NC
7,869,943
Maryland is known as a lien theory state where the property acts as security for the underlying loan. The document that places the lien on the property is called a mortgage.
-
Debe Maxwell, CRS
Charlotte, NC
-
Mary Yonkers
Erie, PA
1,712,876
4,800,132
Florida is a lien state.
-
Debe Maxwell, CRS
Charlotte, NC
-
Mary Yonkers
Erie, PA
2,785,306
Lien & mean...if you get caught up in it all
-
Teri Pacitto
Westlake Village, CA
-
Mary Yonkers
Erie, PA
5,772,929
It is settled law that California is a “lien” and not a “legal title” theory state when imposing encumbrances/liens against the title of real property. California has a 150-year history of development and evolution in the way its courts have applied legal principles to mortgages and deeds of trust.
-
Mary Yonkers
Erie, PA
-
Candice A. Donofrio
Fort Mohave, AZ
4,905,762
Texas is a lien theory state.
-
Mary Yonkers
Erie, PA
-
Debe Maxwell, CRS
Charlotte, NC
5,583,328
Title....Massachusetts....
-
Mary Yonkers
Erie, PA
-
Debe Maxwell, CRS
Charlotte, NC
469,510
1,847,621
2,189,772
Washington State is a Title Theory State, as is Utah. Not that it will make any difference to your real estate career, but it might be interesting for you to write a blog post about the differences.
-
Mary Yonkers
Erie, PA
5,879,125
4,966,102
1,242,204
4,434,177