home lien

Definition

A legal claim on a house that is filed in the county records office, usually as a response from outside parties because of unsettled financial obligations against the owner. Such claims must usually be dealt with before purchasing or selling the house, as well as seeking home-equity based loans. Common examples of liens are mechanic's liens filed by the contractors who built the home until they are paid in full, judgment liens when someone wins a court case against you, and tax liens imposed by the IRS for failure to pay income taxes.

单词	home lien
释义	home lien Definition A legal claim on a house that is filed in the county records office, usually as a response from outside parties because of unsettled financial obligations against the owner. Such claims must usually be dealt with before purchasing or selling the house, as well as seeking home-equity based loans. Common examples of liens are mechanic's liens filed by the contractors who built the home until they are paid in full, judgment liens when someone wins a court case against you, and tax liens imposed by the IRS for failure to pay income taxes.
随便看	credit crisis credit criteria credit crunch credit default swap credit denial credit derivative (CD) credit easing credited service credit enhancement credit event credit exposure credit facility credit health insurance credit history credit instrument credit insurance credit life insurance credit limit credit line credit-linked note credit management credit memo credit memorandum credit note credit option