Most States Have Adopted The

question 64

Multiple Choice

Most states have adopted the:

• A) title theory, which gives the mortgagor the right of ownership and possession.
• B) lien theory, under which the mortgagor retains title and is entitled to possession to the exclusion of the mortgagee, even if the mortgagor defaults.
• C) title theory, which brings no right of redemption.
• D) position that the person who owns property subject to a mortgage will not be liable to the creditor for "waste."

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