What Is A Lien?
Answer:
A lien is a legal right held by a party to retain another's property when the first party is owed money by the second. The most adjectives example would be say, when a garage fixes your car - until you pay for the repairs, the garage have a LIEN on your car, ie they are legally entitled to hold on to it until the debt is settled.
Lien is a collateral claim against property.
Mortgages and car loans are voluntary liens.
Judgment and toll liens are involuntary.
Source : www.bills.com
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