What is lien?
A legal claim against property securing a debt or obligation, such as property tax, mechanic’s, judgment, or mortgage liens. Affects title, sale proceeds, lender priority, and foreclosure risk.
Where you will use it: this term comes up in the Real Estate Finance course, and the full course glossary collects every term in one place.
Related terms
From the free Real Estate Finance course by Devon Coombs, CPA, MBA.