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A lien is placed on property when the owner owes money to someone, and the someone wants to ensure that it will be paid back. Liens are only available to secure some kinds of debts.
If a person takes out a mortgage, the bank will place a mortgage lien on the property. This means that when the person sells the property, the mortgage must get paid before the person can receive any proceeds from the sale. If the person pays off their mortgage while they still own the property, the lien will be removed.
In other cases, liens are placed due to judgments and certain kinds of bad debts.
What else can I help you with?
What is the difference between lean vs lien in terms of property ownership and financial obligations?
The difference between lean and lien in terms of property ownership and financial obligations is that a lean refers to a claim against a property for unpaid debts or services, while a lien is a legal right to keep possession of property until a debt is paid off. Essentially, a lean is a type of lien that specifically relates to property ownership and financial obligations.
How do you say bend in Spanish?
"Lean" is not a Spanish word. The English word "lean" can have several counterparts in Spanish. If you mean "lean" as in meat without fat, it is "magro". For a lean person, "delgado/a". To incline, "inclinar" or "apoyar".
What does lean mean in Hebrew?
to lean = nish'an (נשען)
What is a homophone for lean?
A homophone for "lean" is "lien," which is a legal term meaning a claim or right to property.
How do you halt a horse?
lean back and say whoah horsey!
What do women mean when they say I want a commitment?
this is coming from a guy who lives with a family full of sisters and when they say they want commitment the mean the want you to be there for them to NOT CHEAT ON THEM to lean their love language.
Can a lean be placed on property that was co signed on?
yes i think
How many pages does Lean Mean Thirteen have?
Lean Mean Thirteen has 486 pages.
How do you say You're mean in Japanese?
"Anata wa hidoi desu." or you could just say "Hidoi desu", but that would lean towards the translation of "That was mean." or "That's mean."Anata wa - You are/You'reHidoi - MeanDesu - It is
When did Bill Withers say you should lean on me?
Lean on me, when you're not strong
What does the Obd2 code P0171 mean on an Acura Integra gsr?
Your system is too lean. That's what it will say on obd2 scaner tool. It means that your air to fuel ratio is too lean.
What is the homophone for lean?
leaning on someone
