This essay addresses the procedure of lien searches, which buyers doing their due diligence need to utilize in order to fairly assure themselves that they obtain title, free of liens. We will see that ...
A mortgage lien is a mortgage lender’s legal right to take legal possession of your home if you fail to pay your debt — a process known as foreclosure. This claim makes your home the collateral that ...
A property lien can be either general or specific and voluntary or involuntary. A mortgage lien is a specific, voluntary lien. The priority of the liens on a property determines which debt will be ...
A lien on your house or car title is a bad thing. A lien you didn’t even know was there is even worse. There are several types of involuntary liens. The most common is a mechanic’s lien, designed to ...
A lien is a creditor’s legal right or claim to your property. The purpose of a lien is to hold a property item — it doesn’t have to be a house — as collateral for a loan or debt. If you don’t pay off ...