Examlex
Which of the following statements is true?
Foreclosure Action
A legal process by which a lender attempts to recover the balance of a loan from a borrower who has stopped making payments by forcing the sale of the asset used as collateral.
Title to Land
The legal right to own, use, and control land and its resources.
Deed
A legal document that represents the ownership and boundaries of a property, transferred from seller to buyer.
Record a Deed
The process of registering the transfer of title for property from one party to another, making it part of the public record.
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