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Yes. The creditor must sue the debtor in court and if they are successful they can request a judgment lien. The lien can be recorded in the land records.

Yes. The creditor must sue the debtor in court and if they are successful they can request a judgment lien. The lien can be recorded in the land records.

Yes. The creditor must sue the debtor in court and if they are successful they can request a judgment lien. The lien can be recorded in the land records.

Yes. The creditor must sue the debtor in court and if they are successful they can request a judgment lien. The lien can be recorded in the land records.

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14y ago

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A sum of money placed on a person's property or income is typically referred to as a lien. A lien is a legal right or interest that a lender or creditor has in the borrower's property, granted until the debt obligation is satisfied. It serves as a security for the repayment of a loan, allowing the creditor to claim the property if the borrower defaults. In essence, it ensures that the lender has a legal claim to the asset as collateral for the debt.


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