Finance
In NJ, a mortgage recorded in the county clerk's office gives the lender:
APersonal liability against the borrower only
BA lien on the real property that is enforceable against the world through the public record✓ Correct
CThe right to occupy the property immediately
DOwnership of the property
Explanation
Recording a mortgage creates a public record that provides constructive notice of the lender's lien to all subsequent parties, establishing priority of the lender's security interest in the real property.
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