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 ...
A mortgage lien is a mortgage lender’s legal right to take legal possession of your home if you fail to pay your debt — a process known as foreclosure. This claim makes your home the collateral that ...
Liens with respect to real estate are claims against your home for unpaid debt. Your mortgage is generally considered a form of a lien, as are second mortgages, home equity lines of credit and home ...