Tag Archives: Title Theory States

For Real Estate, New York is a Lien Theory State! What Does That Even Mean? (Video)

Hallmark Abstract NY title insurance

In a lien theory state such as New York, the property buyer/mortgagor continues to hold the deed to the property until the loan is satisfied, or fully paid back to the lender! At that time, a Satisfaction of Mortgage should be recorded. This scenario differs from title theory states in which a Deed of Trust is issued […]