Fix It Homestead on MSN
The lien waiver step homeowners forget and regret later
When you remodel a kitchen or replace a roof, you probably focus on design choices and contractor bids, not the legal ...
A lien is a legal right, or claim, to your property acquired by a creditor. 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 ...
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 ...
GOBankingRates on MSN
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 ...
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 ...
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