Perhaps one of the most complicated and complex aspects of homeownership is a real estate lien. If you are a property owner, then you need to be aware of the various kinds of real estate liens that could become a problem for the title of your property during your home sale.
Let's begin, young grasshopper.
What is a Lien?
It is essentially a claim against any property made by someone with the intention of securing debt payments. A lien makes the property itself collateral against services owed to another entity. Selling your home is a lengthy process, and before you give over title to a new owner, you will need to take care of - or simply be aware of - any outstanding liens. Collateral will always be an asset that is pledged by the…