A lien is a legal right, or claim, to your property acquired by a creditor. 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 ...

Marriage, siblings, estates and family ownership can all lead to unwanted trouble from the IRS if property is owned jointly. Should one of those joint owners be indebted to the IRS, the tax agency can ...

Anthony Battle is a CERTIFIED FINANCIAL PLANNER™ professional. He earned the Chartered Financial Consultant® designation for advanced financial planning, the Chartered Life Underwriter® designation ...

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 ...

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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 ...

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 ...