A lien is described as the right of a secured creditor to take possesion of a specific item of property if the borrower does not pay a debt. Liens agreed to are called security interests, and include mortgages, home equity loans, auto loans, and any personal loans for which the borrowner pledges property to guarantee repayment. Liens created without your consent are called non-consensual liens and include judgment liens, property tax liens, and mechanics liens (liens filed by a contractor).
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