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Term of the Day
lien theory
lien statement
lien theory state
Definition
Some states interpret a
mortgage
as being purely a
lien
on
real property
. The
mortgagee
thus has no
right
of
possession
but must
foreclose
the lien and
sell
the
property
if the
mortgagor
defaults
.
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lien theory state
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lien theory state
lien theory states
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