In title theory, when a borrower defaults but before foreclosure, the borrower may retain possession, title, and rights until what occurs?

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Multiple Choice

In title theory, when a borrower defaults but before foreclosure, the borrower may retain possession, title, and rights until what occurs?

Explanation:
In title theory, the lender holds the legal title to the property while the borrower may continue to possess it and enjoy its use. When a default happens, the lender can start foreclosure, but the borrower’s possession and rights remain in place until that foreclosure takes place. Foreclosure is the event that ends the borrower’s retained interests, allowing the lender to take title (usually through a foreclosure sale).

In title theory, the lender holds the legal title to the property while the borrower may continue to possess it and enjoy its use. When a default happens, the lender can start foreclosure, but the borrower’s possession and rights remain in place until that foreclosure takes place. Foreclosure is the event that ends the borrower’s retained interests, allowing the lender to take title (usually through a foreclosure sale).

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