Social Studies, 26.09.2019 21:20 zitterkoph
One state is a lien theory state. a buyer purchases property from a seller and gives him a mortgage as part of the purchase price. therefore, the buyer is the borrower, and the seller is the lender. which of these statements is false?
a. the buyer retains equitable title to the property.
b. if the buyer defaults on the loan, the seller must undergo a formal foreclosure proceeding to recover the security.
c. the buyer has given legal title to the seller.
d. the seller has only a lien interest in the property.
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