In property law, the title owner is the person holding the greatest number of rights, or most important rights in a piece of real estate. As explained by the bundle of rights theory, a property can be owned in some sense by many different parties at the same time, through a mortgage, a lease, a lien, a future interest, among many others. In common parlance, the title owner is called the owner, even if we are aware that the property is encumbered by a mortgage.
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