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Simple English definitions for legal terms

title state

Read a random definition: casus male inclusus

A quick definition of title state:

Title state: A legal concept in property law where a mortgage transfers the ownership of the property to the lender until the mortgage is paid off or foreclosed. Only a few states in the US follow this concept, while others follow the lien theory.

A more thorough explanation:

Definition: A title state is a state that follows the title theory in property law. This means that when a mortgage is taken out on a property, legal title of the property is transferred to the mortgagee (the lender) until the mortgage is paid off or foreclosed. Only a few states in the United States follow this theory.

Example: Let's say John wants to buy a house but doesn't have enough money to pay for it in full. He takes out a mortgage from a bank. In a title state, the bank would become the legal owner of the property until John pays off the mortgage. This means that if John were to default on his payments, the bank could foreclose on the property and take ownership.

Explanation: The example illustrates how a title state works in practice. The bank becomes the legal owner of the property until the mortgage is paid off, giving them more control over the property and the ability to foreclose if necessary. This is different from a lien theory state, where the borrower retains legal title of the property and the lender has a lien on the property until the mortgage is paid off.

title standards | title theory

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MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
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