Which loan is secured by a recorded lien against real property?

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Multiple Choice

Which loan is secured by a recorded lien against real property?

Explanation:
A loan secured by a recorded lien against real property is secured by a mortgage. The mortgage creates a security interest in the real property and must be recorded in the county to give public notice and perfection of the lien, allowing the lender to foreclose if the borrower defaults. The other options do not involve a loan secured by property: a power of attorney is a document granting someone authority to act for you; standing refers to a party’s ability to sue; and a verified complaint is a sworn plead­ing in a civil case.

A loan secured by a recorded lien against real property is secured by a mortgage. The mortgage creates a security interest in the real property and must be recorded in the county to give public notice and perfection of the lien, allowing the lender to foreclose if the borrower defaults. The other options do not involve a loan secured by property: a power of attorney is a document granting someone authority to act for you; standing refers to a party’s ability to sue; and a verified complaint is a sworn plead­ing in a civil case.

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