In a state that adopts the lien theory regarding mortgages,the borrower would have the right to:
A) burn down the barn.
B) live on the land after default.
C) possess the land after foreclosure.
D) refuse to discharge a prior lien.

Question

Quizplus · Accepted Answer

In lien theory states, the borrower holds the title to the property and thus retains the right to live on the land even after defaulting on the mortgage, until the foreclosure process is completed and ownership is legally transferred.

In a State That Adopts the Lien Theory Regarding Mortgages,the