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 lien allows a lender to protect itself if a borrower defaults on a financed vehicle. It is the lender’s legal right to the vehicle, and it remains in place until the loan has been fully repaid. If ...

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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, laying legal claim on another's property to secure the payment of a debt or the satisfaction of an obligation, is a very serious situation, particularly for a small business. Tangible assets ...

A lien is a legal right, or claim, to your property acquired by a creditor. 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 ...

To provide contractors, subcontractors, materials' suppliers and vendors a legal method of guaranteeing payment for their services on construction projects, state statutes allow them to file liens ...