Jun 22 , 2016

Tampa School of Real Estate

Title Theory

Definition:   legal concept that vests title to mortgaged property in the mortgagee (lender) or a third party

Pronunciation:   \ˈtī-təl\ \ˈthē-ə-rē\

Used in a Sentence:   With title theory, once the debt is paid in full, the lender conveys legal title to the borrower.

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