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What is a Lien?

A lien in real estate is a legal claim or charge against a property that serves as security for a debt. It gives the lienholder the right to seize and sell the property if the debt is not paid.

Common types of liens include:

  • Mortgage lien: A lien created by a lender to secure a mortgage loan.

  • Tax lien: A lien placed on a property by a government agency to secure unpaid taxes.

  • Mechanic's lien: A lien placed on a property by a contractor or tradesperson who has performed work on the property and has not been paid.

  • Judgment lien: A lien placed on a property by a court to satisfy a judgment in favor of a creditor.

Liens can affect the value and marketability of a property. If a property has multiple liens, it can make it difficult to sell or refinance. It's important for potential buyers to be aware of any liens on a property before making an offer.


Would you like to learn more about Real Estate? Have you ever wanted to become a New Jersey Real Estate Salesperson License holder? Want to know more about being a New Jersey Licensed Real Estate Agent? Click on the link for the schedule of our upcoming classes for Real Estate: tocrres.com




Blue and white house with expansive outdoor seating area
Blue and white house with expansive outdoor seating area

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