Apr 06 , 2016

Tampa School of Real Estate

Lien Theory

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.

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