Definition: legal concept that regards a mortgage as a just claim on specific property pledged as security for a mortgage debt
Pronunciation: \ˈlēn, ˈlē-ən\ \ˈthē-ə-rē, ˈthir-ē\
Used in a Sentence: Today most states, including Florida, are lien theory states.
Prepare for Your Real Estate Career in 2025: Start Now and Seize the Opportunity As we find ourselves in the final stretch of 2024, there's a palpable sense of urgency...
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