| -A lien is a legal recorded claim against
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| | category. Unpaid contractors from home
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| a property. The claim encumbers the
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| | repair and remodeling projects can file a
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| property as a means to collect money
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| | specific lien. Homeowner associations and
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| owed, such as a mortgage, property taxes,
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| | local governing bodies can issue special
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| or an unpaid debt owed to a contractor
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| | assessments for repairs and improvements.
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| who performed work on the property. There
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| | Failure to pay these special assessments
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| are other reasons liens are recorded
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| | can result in lien being placed against a
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| against a property.-Equitable lien. When
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| | property.-Voluntary lien. When you have a
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| a property is held as collateral and the
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| | mortgage and voluntarily agree that the
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| parties agree in a document, that the
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| | mortgage lien is security for the lender
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| property is used to secure the
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| | in case you default on a mortgage
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| debt.-General liens. These liens all real
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| | loan.Mark Nash is the author of
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| estate and personal property. Court
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| | "Fundamentals of Marketing for the Real
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| ordered judgments, probate actions, and
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| | Estate Professional", "Starting &
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| IRS taxes fall under this
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| | Succeeding in Real Estate", "Reaching
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| category.-Judgment lien. This is the
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| | Out: The Financial Power of Niche
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| result of an action by a party or
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| | Marketing", and "1001 Tips for Buying and
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| government agency through a court of law
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| | Selling a Home". Mark is a contributing
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| to collect payment on a
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| | writer for: Realtor (R) Magazine Online,
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| claim.-Involuntary lien. State statues
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| | Broker Agent News, Real Estate Executive
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| create real estate property taxes. These
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| | Magazine, Principal Broker, and Realty
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| taxes are a claim against the property
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| | Times. His tried and true real estate
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| and the property owner assumes the statue
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| | tips has been featured on Business Week,
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| when purchasing a home. Unpaid taxes can
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| | CBS The Early Show, CNN, HGTVpro.com, The
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| result in a specific involuntary
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| | New York Times, and USA Today. Purchase
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| lien.-Specific liens. Special assessments
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| | his books at .
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| and mechanics liens fall into this
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