7-Financial Affairs-Loan-Lien

lien

People can claim real property {lien}| to insure debt payment.

attachment lien

Real-property liens {attachment lien} can prevent property from transfer during lawsuits. Plaintiff files an attachment writ with county official, and it becomes a judgment lien if property owner loses suit.

judgment lien

People who have won court judgments in lawsuits against property owners can obtain real-property liens {judgment lien} by filing judgment in county where property is, to insure payment of judgment, which is debt. Property is not transferable until satisfying judgment.

mechanic's lien

States can place liens {mechanic's lien} on real property to insure pay for contractors and construction workers. Most states require mechanic's liens for construction.

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7-Financial Affairs-Loan

Drawings

Drawings

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Date Modified: 2022.0225