Finance
In Michigan, a mortgage lien is created when:
AThe buyer makes the first payment
BThe mortgage is signed and the lender advances funds✓ Correct
CThe deed is recorded at the register of deeds
DThe title insurance policy is issued
Explanation
A mortgage lien is created when the borrower signs the mortgage document and the lender advances the loan funds. Recording provides constructive notice and establishes priority against subsequent claimants.
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