Real Estate Definition - Lien
Lien - A charge againist property making it security for the payment of a debt, judgement, mortgage, or taxes; a lien is a type of encumbrance. Make sure you understand that a lien makes the property collateral for a debt. some liens may allow the property to be sold to satisfy a debt ( foreclosure auction) .
- Jeff Buettner
Real Estate Wiz Kid
What is the Phoenix real estate market like today?
You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
Leave a Reply