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 ...
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What Happens If There Is a Lien on Your Property?
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 ...
When you buy a business, it’s common sense to know exactly what you’re getting into – so be sure to do your due diligence before you part with your money. Buying a business can be a fantastic ...
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