<p style="margin-bottom: 0cm;"><a href="http://www.noss123.com/">http://www.noss123.com/</a></p>
<br>Except in those few states in the United States that adhere to the title theory of mortgages,<sup id="_ref-0" class="reference">[1]</sup> either a mortgage or a deed of trust will create a mortgage lien
upon the title to the real property being mortgaged. The lien is said
to "attach" to the title when the mortgage is signed by the mortgagor
and delivered to the mortgagee and the mortgagor receives the funds
whose repayment the mortgage secures. Subject to the requirements of
the recording laws
of the state in which the land is located, this attachment establishes
the priority of the mortgage lien with respect to other liens on the
property's title.<sup id="_ref-1" class="reference">[2]</sup>
Liens that have attached to the title before the mortgage lien are said
to be senior to, or prior to, the mortgage lien. Those attaching
afterward are said to be junior or subordinate.<sup id="_ref-2" class="reference">[3]</sup> The purpose of this priority is to establish the order in which lien holders are entitled to foreclose
their liens in an attempt to recover their debts. If there are multiple
mortgage liens on the title to a property and the loan secured by a
first mortgage is paid off, the second mortgage lien will move up in
priority and become the new first mortgage lien on the title.
Documenting this new priority arrangement will require the release of
the mortgage securing the paid off loan.<br><p>In British usage, however, "real property", often shortened to just
"property", refers rather to land and fixtures as such while the term
"real estate" is used mostly in the context of probate law, and means
all interests in land held by a deceased person at death excluding
interests in money arising under a trust for sale of or charged on land.<sup id="_ref-0" class="reference">[1]</sup></p>
<p>In French, Italian, Portuguese and Spanish, real estate is called "immovables" (<i>immobilier</i> in French, <i>immobili</i> in Italian, <i>imóvel</i> in Portuguese and <i>inmueble</i> in Spanish); other property is called "movables" (
<i>mobilier</i> and <i>mueble</i>).</p><br>