Discuss real property offered as collateral for a loan, Other Subject

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Discuss real property offered as collateral for a loan

Question: In a certain state, a lender holds a lien on real property offered as collateral for a loan. The borrower retains both legal and equitable title to this real property. The state where this real property is located is BEST characterized as which type? Title theory Intermediate theory Mortgage theory Lien theory

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