Repossession
Liens
Deeds and Ownership

What is the purpose of a lien being placed against real property?

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Answer

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Wiki User
02/09/2007

A lien prevents the property from being sold without paying off the creditor. After a certain period of time, it is possible to foreclose on the property, sell it, and collect the amount of the lien, the balance going to the property owner or other creditors.