A lien is a legal claim against a property that gives the creditor the right to sell the property to satisfy a debt. Liens can be placed on real estate, personal property, or both. There are many different types of liens, but the most common are judgment liens, tax liens, and mechanic’s liens. Liens can…
A property lien is a legal claim on a property that acts as security for a debt or obligation, like an unpaid mortgage, unpaid taxes, or a home equity loan. If you’re considering buying a property, obtaining a property lien search is very important as it provides a detailed history of any liens that may…
A property lien is a legal claim against a property that secures payment of a debt. Liens can be created by statute, by contract, or by court order. When a property lien is recorded, it becomes a public record and attaches to the property, giving the lienholder the right to foreclose on the property if…
Meaning and Types of Liens A lien is a legal claim against a property as security for a debt or obligation. When you buy a lien, you are essentially purchasing the right to collect on that debt or obligation if the property owner defaults. There are two main types of liens: consensual liens and statutory…
Tax liens are a legal claim against a property that can arise when the owner fails to pay their property taxes. When this occurs, the local government can place a lien on the property, which gives them the right to collect the unpaid taxes, plus interest and penalties, by selling the property. Investing in tax…
Investing in tax liens can be a lucrative way to generate passive income and potentially earn high returns. A tax lien is a legal claim against a property when the owner fails to pay their property taxes. Investors can purchase these liens at a discount and earn interest on the unpaid taxes until the lien…
Investing in property tax liens can be an excellent way to generate passive income and potentially earn a high return on investment. When property owners fail to pay their property taxes, the government places a lien on the property. This lien gives the government the right to seize and sell the property to recoup the…
A lien is a legal claim against a property or asset. It can be placed on a property by a creditor, such as a bank or contractor, to secure payment of a debt. If the debt is not paid, the creditor can foreclose on the property, which means they can sell it to satisfy the…
Buying tax liens online is the process of purchasing a legal claim against a property for unpaid property taxes. When property owners fail to pay their taxes, the government places a lien on the property. This lien gives the government the right to seize and sell the property to recoup the unpaid taxes. Tax liens…
