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In the early years, a mortgage - property pledged to secure a debt - was an actual assignment of that property to a lender. During the period of time that the mortgagor still owed the mortgagee part of the original loan...
mortgage, mortgage history, original loan, mortgage instruments, legal default, instruments,loan
Lien theory is a more modern approach to creating loan security and is used in most states. In lien theory states, the lender is considered to hold a lien, rather than title, against the property for security of the debt...
Lien theory, loan security, original loan, satisfy a debt, mortgage remains, paid,loan