You cannot legally pledge what you do not own as collateral for a loan, then how?

can you pledge your home as collateral for a mortgage?
bdancer, why would the bank need to put a lien on something they purchased? Why would the bank give me the deed, If I did not pay for the house?
link, if the bank gave me a loan, why would I need to give a pledge to the bank?
the kid, how can I legally use my home as collateral before the loan was finalized?

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