Is it legal for a loan company to transfer your property to them rather than just place a lien on your property until the loan is paid off?

A mortgage lender has a mortgage note against the property they made a loan against and took as collateral.

A mortgage lender is not and can not transfer the property to themselves. The title deed should be the owners of the house.

If the owners of the house fail to pay the mortgage loan as agreed, the mortgage lender is able to begin

foreclosure proceedings against the house according to the foreclosure laws of the state in which the house is located.

Once the foreclosure procedure has been completed, at t his time the mortgage lender or note holder is allowed to legally transfer the property to their name

At this time the legal foreclosure process have been completed, to have the property transferred to their name.

I hope this has been of some benefit to you, good luck.

"FIGHT ON"

They cannot transfer the property into their name unless you signed paperwork giving them permission to do so.

what kind of property? real estate? you never own title to RE until it's paid off

Anything is legal if you agree to it in writing.