"There are three theories used to define the respective legal interests of parties to a mortgage or deed of trust. They are denominated as "title," "lien," and "intermediate." Under the "title" theory, the mortgagee or the trustee is considered to hold actual title to the real property until the underlying debt is paid. Under the "lien" theory, the mortgagor or borrower retains title to the property subject to the lien of the mortgage or deed of trust, which must be executed upon or foreclosed after default. The "intermediate" theory is a hybrid of the two. It provides that a lien is created against the real property by the mortgage or deed of trust, and that title to the real property transfers to the mortgagee or trustee upon default. In effect, a state adhering to the "intermediate" theory is a "lien" theory state up until the time of default and is a "title" theory state once default occurs. Miss. Code Ann., §89-1-43, is the fundamental authority indicating that Mississippi is an "intermediate" theory state."
See link below for further reading.
Virginia is a title theory state.Virginia is a title theory state.Virginia is a title theory state.Virginia is a title theory state.
Lien theory state.
Yes, Tennessee is a title theory state. See www.title.grabois.com.
Oklahoma is a title theory state, not 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.
No, it's a title theory state.
NO. Texas is a Lien Theory State.
yes
Title theory, bank will hold the title to property as long as their is a mortgage
Illinois is a lien theory state.Illinois is a lien theory state.Illinois is a lien theory state.Illinois is a lien theory state.
a lien state
Ohio is a Lien Theory State - see title.grabois.com