Understanding Property Liens

What is a Property Lien?

A property lien is a legal claim against a property, often due to unpaid debts. Liens can affect the sale of a property, as they must be resolved before the title can be transferred. Understanding the different types of liens is crucial for buyers.

Types of Liens

• Mortgage Liens: These are created when a property is financed through a mortgage.
• Tax Liens: Unpaid property taxes can result in a tax lien against the property.
• Judgment Liens: These occur when a court rules that a debt must be paid.

Resolving liens is essential for a smooth property transaction.