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Yes, Massachusetts is a Title Theory state. In Title Theory states, the lender holds the legal title to the property until the mortgage is paid off, while the borrower retains equitable title. This means that if the borrower defaults, the lender can take possession of the property without going through a lengthy foreclosure process. However, Massachusetts has specific laws and procedures governing the foreclosure process that must be followed.
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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 New York a lien theory state or title theory state?
Illinois is a lien theory state.Illinois is a lien theory state.Illinois is a lien theory state.Illinois is a lien theory state.
Is Maryland a lien theory state or a title theory state?
Lien theory state.
Is North Carolina a title theory state?
Yes, Tennessee is a title theory state. See www.title.grabois.com.
Is Oklahoma a lien theory state?
Oklahoma is a title theory state, not 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 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 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
Is Florida a title theory state?
a lien state
Is Ohio a title theory state?
Ohio is a Lien Theory State - see title.grabois.com
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.
