What States Follow Title Theory? California. Nevada. Washington. Oregon. Idaho. Utah. Arizona. Colorado. What states are lien States? According to Ted Thomas, an authority on tax lien certificates and tax deeds, 21 states and the District of Columbia are tax lien states: Alabama, Arizona, Colorado, Florida, Illinois, Indiana, Iowa, Kentucky, Maryland, Mississippi, Missouri, Montana, Nebraska,
In What Type Of State Does A Lender Hold Real Title To A Property While A Borrower Holds Equitable Title? In title theory states, a lender holds the actual legal title to a piece of real estate for the life of the loan while the borrower/mortgagor holds the equitable title. When the sale of the
What Distinguishes A Lien From Other Types Of Encumbrance? A lien represents a monetary claim levied against property to secure payment—the settlement of an obligation from the property owner. An encumbrance is a much broader term, referring to any sort of claim against a property. Any lien is an encumbrance, but not all encumbrances are
What Is A Lien Theory State? What is lien theory? In lien theory states, the borrower holds the title to the property. Instead of a Deed of Trust, a Mortgage is recorded in the public record and acts as a lien against the property until the debt is paid off. With a mortgage, a homeowner