Lien

A charge against propertyThe rights or interests a person has in the thing he owns; not, in the technical sense, the thing itself. making it securityThe property that will be pledged as collateral for a loan. for the paymentPeriodic (usually monthly) installments paid to a lender to be applied toward repaying your loan. Payments of a debtThat which is due from one person or another; obligation, liability., either voluntary or involuntary; for example, a mortgageIncludes all forms of debt for which real property, that is, land and/or buildings, is given as security..

Lien

a charge upon specific propertyThe rights or interests a person has in the thing he owns; not, in the technical sense, the thing itself. designed to secure paymentPeriodic (usually monthly) installments paid to a lender to be applied toward repaying your loan. Payments of a debtThat which is due from one person or another; obligation, liability. or performance of an obligationLegal reservation of funds based on known requirements (a contract, for example), or an a realistic estimate of costs..

lien

A claimNotice to an insurer that under the terms of a policy, a loss maybe covered. against a propertyThe rights or interests a person has in the thing he owns; not, in the technical sense, the thing itself. for the paymentPeriodic (usually monthly) installments paid to a lender to be applied toward repaying your loan. Payments of a debtThat which is due from one person or another; obligation, liability.. A mortgageIncludes all forms of debt for which real property, that is, land and/or buildings, is given as security. is a lien; other types of liens a property might have include a tax lienA government claim for unpaid real estate tax. for overdue taxes or a mechanic's lienA lien created by statute which exists against real property in favor of persons who have performed for unpaid debt to a subcontractorA contractor that a contractor hires. If you hire a contractor to remodel your kitchen, for instance,.

Lien

A claimNotice to an insurer that under the terms of a policy, a loss maybe covered. or charge on propertyThe rights or interests a person has in the thing he owns; not, in the technical sense, the thing itself. for paymentPeriodic (usually monthly) installments paid to a lender to be applied toward repaying your loan. Payments of a debtThat which is due from one person or another; obligation, liability.. With a mortgageIncludes all forms of debt for which real property, that is, land and/or buildings, is given as security., the lenderThe entity that provides loan funds to the borrower. Depending on the type of loan, the lender may be has the right to take the titleTitle is the evidence of ownership. In essence, title is more important than ownership because having to your property if you don't make the mortgage payments.

Lien

A creditorThe lending institution providing a loan or credit.'s claimNotice to an insurer that under the terms of a policy, a loss maybe covered. against a propertyThe rights or interests a person has in the thing he owns; not, in the technical sense, the thing itself., which may entitle the creditor to seize the property if a debtThat which is due from one person or another; obligation, liability. is not repaid.

Lien

A formThis is an insurance policy, or the riders and endorsements attached to it. of encumbranceAnything which affects or limits the fee simple title to or value of property, e.g., mortgages or easements. which usually makes specific propertyThe rights or interests a person has in the thing he owns; not, in the technical sense, the thing itself. securityThe property that will be pledged as collateral for a loan. for the paymentPeriodic (usually monthly) installments paid to a lender to be applied toward repaying your loan. Payments of a debtThat which is due from one person or another; obligation, liability. or dischargeThe release of borrowers from their obligations to repay their FDLP loans. Borrowers must meet certain of an obligationLegal reservation of funds based on known requirements (a contract, for example), or an a realistic estimate of costs.. Example: judgments, taxes, mortgages, deeds of trustA trust exists when one person holds property for the benefit of another., etc.

Lien

A holdUsed to indicate that a certain amount of a customer's balance may not be withdrawn until an item has or claimNotice to an insurer that under the terms of a policy, a loss maybe covered. putAn option contract that gives the holder the right but not the obligation to sell a specified quantity in place by a creditorThe lending institution providing a loan or credit. upon the lands or propertyThe rights or interests a person has in the thing he owns; not, in the technical sense, the thing itself. of a debtorThe person or entity that borrows money. The term debtor may be used interchangeably with the term borrower..

Lien

A holdUsed to indicate that a certain amount of a customer's balance may not be withdrawn until an item has or claimNotice to an insurer that under the terms of a policy, a loss maybe covered. which one personAn individual, corporation, partnership, Limited Liability Company or other legal entity. (REF CGS §38a-1(14)). has upon the propertyThe rights or interests a person has in the thing he owns; not, in the technical sense, the thing itself. of another as a securityThe property that will be pledged as collateral for a loan. for some debtThat which is due from one person or another; obligation, liability. or charge.

Lien

A legal claimNotice to an insurer that under the terms of a policy, a loss maybe covered. against a propertyThe rights or interests a person has in the thing he owns; not, in the technical sense, the thing itself. that must be paidThis is the amount of tax posted as paid for the year in question, either in installment payments or off when the property is sold.

Lien

A legal claimNotice to an insurer that under the terms of a policy, a loss maybe covered. against propertyThe rights or interests a person has in the thing he owns; not, in the technical sense, the thing itself. that must be satisfied when the property is sold. A claim of money against a property, wherein the valueThe terms "full value", "full cash value", "cash value", "actual value" and "fair market value" mean of the property is used as securityThe property that will be pledged as collateral for a loan. in repaymentA loan is borrowed money that must be repaid. You have a choice of repayment plans if you received a of a debtThat which is due from one person or another; obligation, liability.. Examples include a mechanic's lienA lien created by statute which exists against real property in favor of persons who have performed, which might be for the unpaid cost of building suppliesAssessable property used up in the normal operation of a business, but which are not intended for sale or lease., or a tax lienA government claim for unpaid real estate tax. for unpaid property taxes. A lien is a defect on the titleTitle is the evidence of ownership. In essence, title is more important than ownership because having and needs to be settled before transfer of ownershipAny means by which the ownership of a property changes hands. Lenders consider all of the following. A lien releaseThe discharge or relinquishment of a right, claim or privilege. Since a formal release is a contract is a written report of the settlementThe Real Estate Settlement Procedures Act requires lenders to give this disclosure at closing, or one of a lien and is recorded in the publicIn trade parlance, non-professional speculators as distinguished from hedgers and professional speculators or traders. record as evidence of paymentPeriodic (usually monthly) installments paid to a lender to be applied toward repaying your loan. Payments.

Lien

A legal claimNotice to an insurer that under the terms of a policy, a loss maybe covered. filed against your propertyThe rights or interests a person has in the thing he owns; not, in the technical sense, the thing itself. that must be satisfied when the property is sold. With respect to a mortgageIncludes all forms of debt for which real property, that is, land and/or buildings, is given as security., it is the right of the lenderThe entity that provides loan funds to the borrower. Depending on the type of loan, the lender may be to take the titleTitle is the evidence of ownership. In essence, title is more important than ownership because having to your property if you do not make the payments due on the mortgage.

Lien

A legally enforceable holdUsed to indicate that a certain amount of a customer's balance may not be withdrawn until an item has or claimNotice to an insurer that under the terms of a policy, a loss maybe covered. on the propertyThe rights or interests a person has in the thing he owns; not, in the technical sense, the thing itself. of another obtained as securityThe property that will be pledged as collateral for a loan. for the repaymentA loan is borrowed money that must be repaid. You have a choice of repayment plans if you received a of indebtedness or an encumbranceAnything which affects or limits the fee simple title to or value of property, e.g., mortgages or easements. on property to enforce paymentPeriodic (usually monthly) installments paid to a lender to be applied toward repaying your loan. Payments of an obligationLegal reservation of funds based on known requirements (a contract, for example), or an a realistic estimate of costs..

Lien

An encumbranceAnything which affects or limits the fee simple title to or value of property, e.g., mortgages or easements. against propertyThe rights or interests a person has in the thing he owns; not, in the technical sense, the thing itself. for money, either voluntary (e.g., mortgageIncludes all forms of debt for which real property, that is, land and/or buildings, is given as security.) involuntary (e.g. judgmentThe final determination of the rights and liabilities of the parties in an action, as decreed by a court.) or by operation of law (e.g. property taxThe amount which the state and/or locality assesses as a tax on a piece of property. lien).

Lien

Legal claimNotice to an insurer that under the terms of a policy, a loss maybe covered. against a propertyThe rights or interests a person has in the thing he owns; not, in the technical sense, the thing itself.. Once the property is sold, the lien holderThe party that currently owns the loan and holds its legal title. is then paidThis is the amount of tax posted as paid for the year in question, either in installment payments or the amount that is owed.

Lien

The legal right to take or holdUsed to indicate that a certain amount of a customer's balance may not be withdrawn until an item has propertyThe rights or interests a person has in the thing he owns; not, in the technical sense, the thing itself. of a debtorThe person or entity that borrows money. The term debtor may be used interchangeably with the term borrower. as paymentPeriodic (usually monthly) installments paid to a lender to be applied toward repaying your loan. Payments or securityThe property that will be pledged as collateral for a loan. for a debtThat which is due from one person or another; obligation, liability..

Lien

The right of a secured creditoran individual or business holding a claim against the debtor that is secured by a lien on property of to take possession of a specific item of propertyThe rights or interests a person has in the thing he owns; not, in the technical sense, the thing itself. if debtThat which is due from one person or another; obligation, liability. is not repaid.

lien

The right to take and holdUsed to indicate that a certain amount of a customer's balance may not be withdrawn until an item has or sell the propertyThe rights or interests a person has in the thing he owns; not, in the technical sense, the thing itself. of a debtorThe person or entity that borrows money. The term debtor may be used interchangeably with the term borrower. as securityThe property that will be pledged as collateral for a loan. or paymentPeriodic (usually monthly) installments paid to a lender to be applied toward repaying your loan. Payments for a debtThat which is due from one person or another; obligation, liability. or duty.

Lien

When a borrowerPerson responsible for repaying a loan who has signed and agreed to the terms in the promissory note. fails to satisfy a debtThat which is due from one person or another; obligation, liability., the lenderThe entity that provides loan funds to the borrower. Depending on the type of loan, the lender may be may claimNotice to an insurer that under the terms of a policy, a loss maybe covered. ownershipThe right of one or more persons to possess and use property to the exclusion of all others. A collection of tangible propertyThe rights or interests a person has in the thing he owns; not, in the technical sense, the thing itself. the borrower owns (such as a house or landThe material of the earth, whatever may be the ingredients of which it is composed, whether soil, rock,) as securityThe property that will be pledged as collateral for a loan. for eventual paymentPeriodic (usually monthly) installments paid to a lender to be applied toward repaying your loan. Payments of the debt. That claim is a lien.