Vocabulary: Lien

Lien.png
Lien.png

Vocabulary: Lien

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๐Ÿก Real Estate Vocabulary: Liens! ๐Ÿก

A lien is a legal claim against a property that must be paid off before the property can be sold. It ensures that a debt or obligation is settled before ownership fully transfers.

๐Ÿ”น Mortgage Liens โ€“ The bank holds a claim until the home loan is paid off.
๐Ÿ”น Tax Liens โ€“ If property taxes arenโ€™t paid, the government can place a lien.
๐Ÿ”น Mechanicโ€™s Liens โ€“ Contractors can file liens for unpaid work.

If you're buying or selling, itโ€™s important to check for liens during the process! Need help navigating this? Weโ€™ve got your back! โœ…

#BHGRE #WostalRealty #NobodyKnowsHomesBetter #HomeBuying #RealEstateTerms #PropertyLiens

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