Liens

A lien is a legal claim on an asset—usually a home or car—to secure the repayment of a debt. 1. Common Types of Liens

Some liens, like certain judgment or tax liens, have a statute of limitations and may expire if not renewed by the creditor. A lien is a legal claim on an

Alex soon realized the power of a lien. Because it was a public record attached to his property, he could not provide a "clean title" to his buyer. No bank would approve the buyer’s mortgage while the lien existed, effectively freezing the sale. The Resolution To save the sale, Alex had a few options: like certain judgment or tax liens