A lien is a creditor’s legal right or claim to your property. The purpose of a lien is to hold a property item — it doesn’t have to be a house — as collateral for a loan or debt. If you don’t pay off ...

A property lien can be either general or specific and voluntary or involuntary. A mortgage lien is a specific, voluntary lien. The priority of the liens on a property determines which debt will be ...

You're in good company if you're not exactly sure how liens work. It's not one of those topics that makes it into most people's water-cooler conversations. But knowing what a lien is and how it works ...