Real Estate Exam [National] 75, Lien Theory vs Title Theory Explained

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. This episode covers content for the National Real Estate Exam. In this episode you will learn: - The distinction between Lien Theory where the borrower holds legal title and Title Theory where the lender holds it. - Why Lien Theory states require a judicial foreclosure process and a Satisfaction of Mortgage document. - How Title Theory states utilize non-judicial foreclosure through a power of sale clause and a Deed of Reconveyance. - The definition of equitable title and why it remains with the borrower in both legal theories. - How to identify exam traps regarding the mortgagor, mortgagee, and various redemption rights. For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or Youtube Channel: https://www.youtube.com/@Open-exam-prep