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Judgment liens are what type of lien?
A Judgment Lien is a lien placed on property by a creditor to recover a certain sum of money granted by a judgment awarded in court. The property can not be sold legally while the lien remains unpaid.
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Is a statutory lien an involuntary lien?
Yes. Statutory liens include tax liens, mechanic's liens, judgment liens, etc.
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What type of lien is a Mechanic's lien?
A Mechanic's Lien is also known as a Construction Lien. Construction Lien rights are available to anyone providing material, labor or services for the improvement or repair of real property. To...
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What does a lien do?
A lien prevents the encumbered property from being sold, refinanced or conveyed in any manner.
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What is a lien?
Liens.
Basically a lien is a legal instrument giving a person, business, etc. the legal right to take, hold or sell another person's property for debt or restitution of some sort. There are many...