Massachusetts is a title theory state.
The title to mortgaged property is divided into legal title, held by the lender, and equitable title, held by the borrower. The borrower gains full title to the property upon repayment of the mortgage debt. In a title-theory state mortgagees may take possession of the mortgaged property by foreclosure and sell it upon the default of the borrower.
California has a mixed approach. It is a lien theory state when it comes to mortgages, but a title theory state when it comes to deeds of trust. You can find a more detailed answer on page 205 of the following:
http://books.Google.com/books?id=wOpYVRpi3j0C&pg=PA205&lpg=PA205&dq=california+lien+theory&source=bl&ots=m3wPEQqAJ5&sig=ooDtb9Z7uREp4BSId4tNDTrraBA&hl=en&ei=YsXcSqTdD4f6sgPf8qGwCQ&sa=X&oi=book_result&ct=result&resnum=4&ved=0CBcQ6AEwAw#v=onepage&q=california%20lien%20theory&f=false
Tennessee is a title theory state. See link.
Tennessee is a title theory state. See link.
Tennessee is a title theory state. See link.
Tennessee is a title theory state. See link.
California is a title theory state. See link below.
Tennessee is a title theory state. See link.
New York follows Lien Theory.
Title Theory State
Lien theory state.
Oklahoma is a title theory state, not a lien theory state.
Indiana is a lien theory state.Indiana is a lien theory state.Indiana is a lien theory state.Indiana is a lien theory state.
See the related link for a US Title-Lien Theory state map.See the related link for a US Title-Lien Theory state map.See the related link for a US Title-Lien Theory state map.See the related link for a US Title-Lien Theory state map.
Virginia is a title theory state.Virginia is a title theory state.Virginia is a title theory state.Virginia is a title theory state.
NO. Texas is a Lien Theory State.
No, it's a title theory state.
a lien state
Nevada is a lien theory state. In "title theory" states, actual "legal title" to the property temporarily passes to a trustee to secure the debt. The borrower (grantor), retains possession rights and "equitable title" and has full use of the property for the mortgage term. When the loan is paid off, legal title is restored without the necessity of a reconveyance. In "lien theory" states, the lender (mortgagee) places a "lien" on the mortgaged real property while the borrower retains both "equitable" and "legal" title.
Ohio is a Lien Theory State - see title.grabois.com
Louisiana is a Lien Theory state
Title theory, bank will hold the title to property as long as their is a mortgage