Judgment lien, lien for unpaid taxes or special assessment by a municipality that attaches to a real property without consent of the owner, in contrast with a Mortgage lien, which is voluntary.
| Banking Dictionary: Involuntary Lien |
Judgment lien, lien for unpaid taxes or special assessment by a municipality that attaches to a real property without consent of the owner, in contrast with a Mortgage lien, which is voluntary.
| 5min Related Video: Involuntary Lien |
| Real Estate Dictionary: Involuntary Lien |
A Lien imposed against property without consent of the owner (unpaid taxes, special assessments, etc.). Compare Mortgage Lien.
Example: The Absentee land Owner was not notified of the past-due tax bill. The tax Assessor placed a lien on the property that was an involuntary lien, since the owner did not take action to cause the lien.
| Voluntary Lien (business term) | |
| Tax Lien (in banking) | |
| Lien (in banking) |
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![]() | Banking Dictionary. Dictionary of Banking Terms. Copyright © 2006 by Barron's Educational Series, Inc. All rights reserved. Read more | |
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