When financing for a property purchase is needed, financing is often obtained by going to a financial institution and obtaining a loan to pay for the property in exchange for which the lender receives a security interest in the property called a title.

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When financing for a property purchase is needed, the lender receives a security interest in the property called a mortgage or deed of trust, not the title. The title remains with the borrower, indicating ownership, while the mortgage or deed of trust secures the loan with the property as collateral.

When Financing for a Property Purchase Is Needed, Financing Is