Term: Lien

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A legal claim from a lender that is placed on a borrower’s property to secure the repayment of a loan or to secure the repayment of a debt. A lien is typically recorded with the appropriate government agency. Secretary of State for personal property, County Recorder’s Office for real property. Examples: Mortgage / Deed of Trust are liens. Mechanic’s Lien. Tax Lien.  

Articles relating to Lien: 

Banking & Finance
Banking & Finance

Ensuring Lien Priority for Loan Modifications

California laws governing lien priority generally follow the “first in time, first in right” rule, which states that whichever lien has been recorded first holds a higher priority than recorded …

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Mechanic's Liens
Mechanic's Liens

Protecting Your Lien Priority from Mechanic’s Liens

Every state’s laws provide protection to contractors, subcontractors, and material suppliers against non-payment for the goods or services they provide by allowing them to impose a lien on the property …

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