A legal obligation attached to a property that uses that property as collateral for a debt. The lien must be paid before a home can be sold unless the buyer is willing to pay the lien in order to buy the house. An unpaid subcontractor could ask a court to impose a lien on a newly built home to receive payment.
By Search Compare Build|2021-06-23T01:08:48-04:00June 23, 2021|L|0 Comments
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