Liens

A lien is a legal claim on an asset—usually a home or car—to secure the repayment of a debt. 1. Common Types of Liens

Alex chose to pay a negotiated settlement. Once the supplier filed a with the county recorder, the "cloud" vanished, and the sale proceeded. What You Need to Know About Liens A lien is a legal claim on an

Alex was confused. He had paid for a kitchen remodel three years ago and had the receipts to prove it. However, while Alex paid the general contractor in full, that contractor never paid the cabinet supplier . Under , the unpaid supplier had the right to file a claim against Alex's property to ensure they got paid—even though Alex had already paid the contractor. the "cloud" vanished