2006-07-05 14:35:32 · 4 answers · asked by JM 2 in Politics & Government ➔ Law & Ethics
Texas is a lien theory state.
The borrower holds the title, and the lender holds a lien against the property.
See references below regarding Texas as a lien theory state. You may have to scroll down a bit in the link.
I have bought & sold four homes in Texas, and they were always paid for by way of a mortgage, subject to a lien held by the lender. No deed of trust, no deed of reconveyance.
2006-07-05 14:38:57 · answer #1 · answered by Bad Kitty! 7 · 0⤊ 0⤋
Lien Theory
2016-10-02 10:30:39 · answer #2 · answered by ? 4 · 0⤊ 0⤋
Actually, it's Deed of Trust theory. It's closer to lien theory in that the buyer does hold the title subject to the lender's lien.
2006-07-05 14:43:24 · answer #3 · answered by Bostonian In MO 7 · 0⤊ 0⤋
I don't know.
2006-07-05 14:38:31 · answer #4 · answered by ricardocoav 4 · 1⤊ 0⤋