When land owners use their land as security for a loan, the encumbrance created is called? A. a special security. B. a mortgage or deed of trust lien. C. an involuntary lien. D. a gratuitous privilege.
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The question asks what the encumbrance created is called when landowners use their land as security for a loan. An encumbrance is a legal term for a claim or liability that is attached to property and is used in the context of real estate to indicate a burden that Show more…
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