What is the title and lien theory? what is the, Ask an Expert

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Answer and respond to the following in short essay format, no longer than 2 pages in length:

•What is the title and lien theory?
•What is the difference between the two theories?
•What are the advantages and disadvantages of each theory?
•Is your jurisdiction a lien theory or title theory state and how does the foreclosure process apply in this context? (PLEASE USE THE STATE OF KANSAS)
•Explain the differences between FHA and VA loans, including qualifications, eligibility, etc.
•Choose four (4) types of mortgages from the following list and compare and contrast these types of mortgages.
•Wraparound
•Blanket
•Balloon
•Junior
•Term
•Growing Equity (GEM)
•Adjustable Rate (ARM) or Variable Rate
•Shared Appreciation (SAM)
•Construction
•Leasehold
•Purchase Money
•Graduated Payment
•Open-End
•Amortizing
•Participation
(3) Cite all sources of information utilized.

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