A lien is a legal claim a lender places on your property or equipment until you pay off the loan tied to it.
A lien is a legal right or interest a lender holds in a borrower's asset, securing repayment and granting the ability to pursue the asset upon default.
Liens determine who gets paid from an asset and in what order. Knowing what liens exist on your property matters when borrowing or selling.
A lender financing your land typically files a lien against it, which is released once the loan is fully repaid.
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