Found 1 blog entry tagged as judgement.



Liens often have negative connotations for homeowners. Yet if you’re reading this article, you may be surprised to find out that you already have a lien on your home and that liens are not always as bad as they sound. Here’s what you need to know.

Understanding How Liens Work

A property lien is a legal claim against a property, allowing the creditor to use it as collateral to collect what they’re owed if the debtor cannot make payments.

Consider this common scenario to better understand how liens work: taking out a loan to finance a purchase. To secure loan repayments for the duration of the contract, the lender will use one of your assets as collateral. In most cases, the chosen asset will be your home. However, if you fail to repay the…

499 Views, 0 Comments