What happens next?

How to remove a lien
Analyze situations that may result in a lien being filed.
A lien is a security interest placed on property. A security interest means that the property serves as security for a debt you owe to another party.

Select from: 1). The property may be real property (home) or personal property (car, jewelry). When you purchase a home, you enter into a home mortgage.; 2). That property does not typically have to be secured by a deed. Certain types of transactions could lead to a lien : Transaction by a bank or other financial institution.; 3). How long it may last depends on your debt to the other party. For example, a lien may persist until the other party pays off the debt and runs away with the debt.; 4). In most cases, a lien is simply intended to last until the loan end of the year. You should understand the facts that will render the lien enforceable : Debts must be paid in full at the end of a loan.;
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