A home equity loan is a loan taken out against the equity in your home. Equity is the difference between the current market value of your home and the amount you still owe on your mortgage.
A business lien is a security interest that creditors have in a business because of unpaid debts. There are two main types of...
You rarely notice them when things are going well because they help with home loans, auto loans, and other parts of your life. But when things go badly, liens can make your life difficult—or help you protect your interests.1 What Is a Lien? A lien is a legal claim or a ...
A waiver of lien (or lien waiver) is a document signed in exchange for payment. This document works as a “receipt” of payment, assuring claimant (contractor, subcontractor, or supplier) has received a specified payment upon delivering materials or completing service. By signing, the claiman...
The IRS can respond to delinquent taxes by putting a federal tax lien on your home, but you can avoid this extreme measure through proper communication and cooperation with the authorities. Learn how to keep your home in this video on tax basics.
With a tax lien, a lien is placed against someone's property by a federal, state, or local government for non-payment of taxes—giving the government a security interest in the property—and it must be paid before the mortgage. The tax lien attaches to all of the debtor's assets, such...
A lien is a claim against an asset that empowers a creditor to collect a debt. A lien is generally used as collateral to satisfy a loan.
meaning that the lien is created by an action taken by the debtor, such as a borrower who obtains amortgageto buy a home and agrees that the home will serve as collateral for the loan. That's opposed to an involuntary lien, which is imposed on the debtor by, for example, a court of...
A lien is a legal document filed by a creditor (lender) in order to record its claim on certain assets of the debtor (borrower). The lien is likely filed at the county government office where the debtor’s property is located. The lien protects the creditor until the debtor pays the amo...
A lien is a legal claim or hold on a piece of property. A lien can prevent the property from being sold, so it is very important to...