What Are Liens: A Simple Introduction to the Legal Term
Topic: What are Liens A lien is a legal claim against a property that is used to secure a debt. It gives the creditor the right to take possession of the property if the debtor fails to repay the debt. Liens are commonly used in real estate transactions to secure mortgages, but they can also be used to secure other types of debts, such as car loans, personal loans, and business loans. In this article, Read more…