Social Studies, 20.02.2020 23:30 turner639237
In one state, a mortgagee holds legal title to real property offered as collateral for a loan, and the mortgagor retains the rights of possession and use. If the borrower defaults, the lender is entitled to immediate possession and rents. This state can be BEST characterized as what kind of state?
A)
Lien theory
B)
Title theory
C)
Mortgage theory
D)
Intermediate theory
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