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What document places a lien on the property in lien theory states?

  1. Deed

  2. Mortgage

  3. Title

  4. Promissory note

The correct answer is: Mortgage

In lien theory states, the mortgage document places a lien on the property. A lien means that the lender has the right to take possession of the property if the borrower fails to make loan payments. A deed, title, and promissory note are all related to property ownership, but they do not necessarily place a lien on the property. A deed transfers ownership of the property, a title is a legal document that proves ownership, and a promissory note is an agreement to repay a loan. These documents do not guarantee that the lender has a claim on the property if the borrower defaults on the loan.