{"id":900,"count":1,"description":"\r\n\r\nJump to: \r\nWhat is a lien?<\/a>\r\nWhat types of liens are there?<\/a>\r\nWhat is a mortgage lien?<\/a>\r\nWhat is a non-mortgage lien? <\/a>\r\nWhat is a consensual lien?<\/a>\r\nWhat is a statutory lien?<\/a>\r\n\r\nWhat is a lien?\r\n\r\nA claim or a right that is granted to a creditor, to take or keep possession of collateral property until a debt is paid or an owed duty is performed.\r\n\r\n\r\n\r\n\r\nWhat types of liens are there?\r\n\r\nTypes of lien include, but are not limited to: mortgage liens, non-mortgage liens, consensual liens, statutory liens (mechanic\u2019s liens and tax liens), and judgements.\r\n\r\n\r\n\r\n\r\nWhat is a mortgage lien?\r\n\r\nMost often, liens have to do with financial debt of some form. For example, when taking out a mortgage on a piece of real estate property, the lender puts a mortgage lien on said property, thus has the right to sell it if the debtor is default on the mortgage loan obligations.\r\n\r\n\r\n\r\n\r\nWhat is a non-mortgage lien? \r\n\r\nNon-mortgage liens are also sometimes placed on real property. These are different, in that the asset continues to belong to the debtor, who may sell or lease the property, but the lien holder\u2019s approval may be necessary for any transaction, and sale or lease proceeds garnered by the owner (debtor) would go towards the outstanding debt (for example money owed to a contractor, for work performed at that property). When the debt is paid off, a lien release is issued by the creditor, thereby clearing the property title and the debtor.\r\n\r\n\r\n\r\nWhat is a consensual lien?\r\n\r\nA consensual lien is a lien to which a borrower voluntarily consents, as part of a loan agreement. For example, mortgage liens. Consensual liens break down further, into:\r\n- Purchase-Money Security Liens \u2013 the lender issues credit specifically for the purchase of the property that secures the loan (on which the lien is placed) For example: taking out a first mortgage to purchase a property.\r\n- Non-Purchase-Money Security Liens \u2013 the debtor puts up property he\/she already owns, as collateral to secure the loan. For example: a second mortgage.\r\n\r\n\r\n\r\n\r\nWhat is a statutory lien?\r\n\r\nA statutory lien allows creditors to obtain security interest (place liens) by state or federal law (action against debtor in court)\r\n- Mechanic's Liens \u2013 when a contractor or mechanics does work on a property, but is not paid what is owed, the injured party can obtain, by way of court of law, the right to place a lien on the property. This way, if the property is sold, part of the proceeds go towards repaying that debt. Alternatively, the lien holder may block sale of the property until the debt is paid (all parties with interest in the property are supposed to consent to a transfer of property)\r\n- Tax Liens - placed against a piece of property by local, state or federal government, for delinquent taxes (property, income, estate)\r\n\r\n\r\n\r\n\r\nYou might also be interested in:\r\n\r\nWhat is appraisal Contingency?<\/a>\r\nWhat is Capitalization Rate (Cap Rate)?<\/a>\r\nWhat is chattel real?<\/a>\r\n\r\n\r\n\r\n\r\n\r\n\r\nSearch other terms\r\n\r\n\r\nA<\/a>\r\nB<\/a>\r\nC<\/a>\r\nD<\/a>\r\n\r\n\r\nE<\/a>\r\nF<\/a>\r\nG<\/a>\r\nH<\/a>\r\n\r\n\r\nI<\/a>\r\nJ<\/a>\r\nK<\/a>\r\nL<\/a>\r\n\r\n\r\nM<\/a>\r\nN<\/a>\r\nO<\/a>\r\nP<\/a>\r\n\r\n\r\nQ<\/a>\r\nR<\/a>\r\nS<\/a>\r\nT<\/a>\r\n\r\n\r\nU<\/a>\r\nV<\/a>\r\nW<\/a>\r\nX<\/a>\r\n\r\n\r\nY<\/a>\r\nZ<\/a>\r\n\r\n\r\n\r\n\r\n\r\nPopular terms\r\n\r\n\r\n\r\n\r\nAmortization<\/a>\r\n\r\n\r\nEquity <\/a>\r\n\r\n\r\nNotary Public <\/a>\r\n\r\n\r\nProgression\/Regression<\/a>\r\n\r\n\r\nAcquisition <\/a>\r\n\r\n\r\nAnnuity <\/a>\r\n\r\n\r\nAsset <\/a>\r\n \r\n \r\n Fiduciary <\/a>\r\n\r\n \r\n Inflation <\/a>\r\n\r\n \r\n Contingency <\/a>\r\n\r\n \r\n Escrow<\/a>\r\n\r\n \r\n Power of attorney <\/a>\r\n\r\n \r\n Real Estate Agent <\/a>\r\n\r\n \r\n Eminent Domain <\/a>\r\n\r\n \r\n Liability <\/a>\r\n\r\n \r\n Statute of Limitations<\/a>\r\n\r\n \r\n Valid <\/a>\r\n\r\n \r\n Variance<\/a>\r\n\r\n \r\n Contiguous <\/a>\r\n\r\n \r\n Deficit<\/a>\r\n\r\n\r\n\r\n\r\n","link":"https:\/\/www.commercialcafe.com\/blog\/tag\/cre-term-lien\/","name":"Lien","slug":"cre-term-lien","taxonomy":"post_tag","meta":[],"yoast_head":"\nWhat is a Lien? - Commercial Real Estate Dictionary<\/title>\n<meta name=\"description\" content=\"A claim or a right that is granted to a creditor, to take or keep possession of collateral property until a debt is paid or an owed duty is performed.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialcafe.com\/blog\/tag\/cre-term-lien\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Lien Archives\" \/>\n<meta property=\"og:description\" content=\"A claim or a right that is granted to a creditor, to take or keep possession of collateral property until a debt is paid or an owed duty is performed.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialcafe.com\/blog\/tag\/cre-term-lien\/\" \/>\n<meta property=\"og:site_name\" content=\"CommercialCafe\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"CollectionPage\",\"@id\":\"https:\/\/www.commercialcafe.com\/blog\/tag\/cre-term-lien\/\",\"url\":\"https:\/\/www.commercialcafe.com\/blog\/tag\/cre-term-lien\/\",\"name\":\"What is a Lien? - Commercial Real Estate Dictionary\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialcafe.com\/blog\/#website\"},\"description\":\"A claim or a right that is granted to a creditor, to take or keep possession of collateral property until a debt is paid or an owed duty is performed.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialcafe.com\/blog\/tag\/cre-term-lien\/#breadcrumb\"},\"inLanguage\":\"en-US\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialcafe.com\/blog\/tag\/cre-term-lien\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialcafe.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Lien\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialcafe.com\/blog\/#website\",\"url\":\"https:\/\/www.commercialcafe.com\/blog\/\",\"name\":\"CommercialCafe\",\"description\":\"Your Commercial Real Estate Blog\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialcafe.com\/blog\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"What is a Lien? - Commercial Real Estate Dictionary","description":"A claim or a right that is granted to a creditor, to take or keep possession of collateral property until a debt is paid or an owed duty is performed.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialcafe.com\/blog\/tag\/cre-term-lien\/","og_locale":"en_US","og_type":"article","og_title":"Lien Archives","og_description":"A claim or a right that is granted to a creditor, to take or keep possession of collateral property until a debt is paid or an owed duty is performed.","og_url":"https:\/\/www.commercialcafe.com\/blog\/tag\/cre-term-lien\/","og_site_name":"CommercialCafe","twitter_card":"summary_large_image","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"CollectionPage","@id":"https:\/\/www.commercialcafe.com\/blog\/tag\/cre-term-lien\/","url":"https:\/\/www.commercialcafe.com\/blog\/tag\/cre-term-lien\/","name":"What is a Lien? - Commercial Real Estate Dictionary","isPartOf":{"@id":"https:\/\/www.commercialcafe.com\/blog\/#website"},"description":"A claim or a right that is granted to a creditor, to take or keep possession of collateral property until a debt is paid or an owed duty is performed.","breadcrumb":{"@id":"https:\/\/www.commercialcafe.com\/blog\/tag\/cre-term-lien\/#breadcrumb"},"inLanguage":"en-US"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialcafe.com\/blog\/tag\/cre-term-lien\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialcafe.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Lien"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialcafe.com\/blog\/#website","url":"https:\/\/www.commercialcafe.com\/blog\/","name":"CommercialCafe","description":"Your Commercial Real Estate Blog","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialcafe.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"}]}},"_links":{"self":[{"href":"https:\/\/www.commercialcafe.com\/blog\/wp-json\/wp\/v2\/tags\/900","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialcafe.com\/blog\/wp-json\/wp\/v2\/tags"}],"about":[{"href":"https:\/\/www.commercialcafe.com\/blog\/wp-json\/wp\/v2\/taxonomies\/post_tag"}],"wp:post_type":[{"href":"https:\/\/www.commercialcafe.com\/blog\/wp-json\/wp\/v2\/posts?tags=900"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}