A lien is a legal claim against the property of another, usually to secure an unpaid debt. Liens commonly arise when a homeowner pledges his or her home as collateral to borrow money. Buyers should review title reports closely with this in mind. If the report contains any liens, the buyer should consult an escrow agent or attorney to investigate. Such liens may need to be cleared before the buyer can legally own the home.
A smarter way to buy. A better way to sell.