3-Liens-Encumbrances and Liens

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LIENS A lien is a creditor’s claim against personal or real property as security for a debt of the property owner. If the owner defaults, the lien gives the creditor the right to force the sale of the property to satisfy the debt. For example, a homeowner borrows $5,000 to pay for a new roof. The […]

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2-Encumbrances In Gross-Encumbrances and Liens 4-Priority of Liens-Encumbrances and Liens