Lien

A Lien is a charge or claim that one person has on the property of another as security for a debt or an obligation

 

•A lien can be by agreement (mortgage) or by law (tax lien)

•A specific lien is against a particular property

•A general lien applies to all the lienee's real and personal property.  All property is attached.

 

A Lienor holds the mortgage or other debt.  A Lienee is the debtor.

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