Assertion: mortgage | /r/HasProperty | foreclosed
Facets:
Source sentences:
text: Title theory is "the idea that a mortgage transfers legal title of the mortgaged property from the mortgagor to the mortgagee, which retains it until the mortgage has been satisfied or foreclosed.
text: If the mortgage being foreclosed is not the only lien on the property then state law determines the priority of the property interests.
text: But the Nevada Supreme Court disagreed and ruled that mortgages involving MERS could be foreclosed after being assigned back to the lender.