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Is New York a lien theory state or title theory state?

Updated: 8/18/2023

Wiki User

∙ 14y ago

Best Answer

Illinois is a lien theory state.

Illinois is a lien theory state.

Illinois is a lien theory state.

Illinois is a lien theory state.

Allan Heller ∙

Lvl 10

∙ 2y ago

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Wiki User

∙ 13y ago

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.

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Wiki User

∙ 14y ago

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

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Wiki User

∙ 11y ago

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.

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Wiki User

∙ 13y ago

California is a title theory state. See link below.

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Wiki User

∙ 11y ago

Tennessee is a title theory state. See link.

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Wiki User

∙ 15y ago

Connecticut is a lien theory state

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Wiki User

∙ 14y ago

Texas is a lien theory state.

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Wiki User

∙ 14y ago

New York follows Lien Theory.

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Wiki User

∙ 11y ago

Title Theory State

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Q: Is New York a lien theory state or title theory state?

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Related questions

Is Maryland a lien theory state or a title theory state?

Lien theory state.

Is Oklahoma a lien theory state?

Oklahoma is a title theory state, not a lien theory state.

Is Illinois a lien or a title 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.

What states are title-theory states real estate?

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.

Is Virginia a lien theory state?

Virginia is a title theory state.Virginia is a title theory state.Virginia is a title theory state.Virginia is a title theory state.

Is Texas a title theory state?

NO. Texas is a Lien Theory State.

Is Maryland a lien theory state?

No, it's a title theory state.

Is Florida a title theory state?

a lien state

Is Nevada a title theory state or a lien theory 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.

Is Ohio a title theory state?

Ohio is a Lien Theory State - see title.grabois.com

Is Louisiana a title holding state?

Louisiana is a Lien Theory state

Is North Carolina a lien theory or title theory state?

Title theory, bank will hold the title to property as long as their is a mortgage

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