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What is a lien on a property? |
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Answer
A legal claim against the property of another as security for the payment of debt. A lien gives the lienholder the right to sell the property to satisfy the debt if it is not otherwise paid. On the other hand, a lien is removed when a debt is paid.
First answer by Nvmel775. Last edit by JohnCorey. Contributor trust: 20 [recommend contributor]. Question popularity: 23 [recommend question]
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A machanics lein? What is a mechanics lein? What is a lein on property? Lein by person on property? Are there any options besides a lein on a property?
