Foreclosure
Law Definitions
Lien
A
lien is a legal claim on a property by a lender or other
entity that is owed money by the owner of the property.
The entity that files the legal claim is called the lien
holder. If the owner does not pay off the loan or debt
that is owed, the lien holder can take steps to sell or
repossess the property to recover the debt owed through a
foreclosure process.
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foreclosure law definitions
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