Property Lien

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Dictionary Says

Definition of 'Property Lien'

A property lien is a legal claim on a tract of real estate granting the holder a specified amount of money upon the sale of the property. Such liens are often used to ensure the payment of a debt, with the property acting as collateral against the amount owed. A mortgage is the best example of a property lien.
Investopedia Says

Investopedia explains 'Property Lien'

While very beneficial to debt collectors, property liens can be a headache for inattentive homebuyers. That's why, in addition to mortgage insurance, it can sometimes be helpful for potential property owners to purchase some type of title insurance as well.
Search results for

'Property Lien'

  • IRS Asset Seizures: Could It Happen To You?

    http://www.investopedia.com/articles/tax/09/enforced-collections.asp
    ... Furthermore, the lien follows the property and not the taxpayer/owner, which means
    that anyone unlucky enough to buy the asset from the taxpayer will inherit ...

  • Encumbrances And Nonpossessory Interests In Real Property

    http://www.investopedia.com/articles/mortgages-real-estate/12/encumbrances-nonpossessory-interests.asp
    ... Encumbrances An encumbrance is anything that can lessen the value or use and
    enjoyment of a property, such as a lien or restrictive covenant. ...

  • 7 Unusual Property Ownership Rules - Investopedia.com

    http://financialedge.investopedia.com/financial-edge/0711/7-Unusual-Property-Ownership-Rules.aspx
    ... In the United States, property auctions are only common among foreclosure and tax
    lien sales, and bidders are primarily professional real estate investors. ...

  • Equity Stripping Leaves Creditors Empty-Handed

    http://www.investopedia.com/articles/mortgages-real-estate/09/equity-stripping-assets.asp
    ... HELOC). With a HELOC, the lender is given a lien against the equity of the
    property, which serves as collateral for the loan. Even ...

  • Attention Home Buyers! Why You Need A Lawyer

    http://www.investopedia.com/articles/mortgages-real-estate/08/real-estate-attorney.asp
    ... Suppose a title search reveals that the seller must first pay a lien or outstanding ...
    new owner ever plan to obtain a mortgage or loan against the property value ...

  • Should You Buy A House At Auction?

    http://www.investopedia.com/articles/mortgages-real-estate/10/should-you-buy-at-an-auction.asp
    ... The two main types of property auctions are foreclosure auctions and tax lien auctions.
    Before a property reaches auction, several things have to happen. ...

  • Condo-Buying Walkthrough: Condominium Fees | Investopedia

    http://www.investopedia.com/university/condo-buyers-guide/condo-buyers-guide6.asp
    ... Associations can seek a lien in court against a property based on any unpaid fees,
    and either the association or a bank can initiate foreclosure proceedings. ...

  • Check Your Credit Report

    http://www.investopedia.com/articles/pf/07/credit-report.asp
    ... awarded). Should an individual or some other entity have a lien on your
    property, that information will also be made available. ...

  • Start Over With The IRS

    http://www.investopedia.com/articles/taxes/12/start-over-with-IRS.asp
    ... and eventually liens and levies upon their state tax refunds, wages and property. ...
    can have on the taxpayer's credit report, because when a lien is withdrawn ...

  • 10 Hurdles To Closing On A New Home

    http://www.investopedia.com/articles/mortgages-real-estate/09/10-problems-prevent-closing.asp
    ... If there is some sort of lien or claim against the property, the issue will
    have to be resolved before the transaction can proceed. ...

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