What is a title theory jurisdiction and how does it differ from a lien theory jurisdiction?
What will be an ideal response?
In a title theory jurisdiction, the lender or a third party holds equitable title to the property in the name of the borrower under the terms of a deed of trust. In a lien theory jurisdiction, the borrower holds title to the property and the lender places a lien on the property through the use of a mortgage document.
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Protection under the doctrine of parens patriae is so strong, the state can intervene even if it doesn't have a solid reason to believe that intervention is needed.
Answer the following statement true (T) or false (F)
Certificate programs for paralegals typically last?
A. ?between one and two months. B. ?between three and twelve months. C. ?less than one month. D. ?between three and four years.
Describe the checklist for defining the issues to be researched.?
What will be an ideal response?
Which of the following is not generally true in a community property state?
a. Upon death, the surviving spouse receives half of the community estate. b. A testator can completely disinherit a spouse without notification. c. Community debts can be divided, but each spouse is still liable for payment. d. Both parties own an undivided share of the community estate.