A lien is a legal claim against a property that gives the creditor the right to sell the property to satisfy a debt. Liens can be placed on real estate, vehicles, or other personal property. There are many different types of liens, including:
- Mechanic’s liens
- Judgment liens
- Tax liens
- Mortgage liens
It is important to check for liens before purchasing a property or making a loan. A lien can affect the value of the property and make it difficult to sell or refinance. There are a few different ways to check for liens.