3-Liens-Encumbrances and Liens

You must first complete 2-Encumbrances In Gross-Encumbrances and Liens before viewing this Lesson
Please sign up for the course before starting the lesson.

LIENS A lien is a creditor’s claim against personal or real property as security for a debt of the property owner. If the owner defaults, the lien gives the creditor the right to force the sale of the property to satisfy the debt. For example, a homeowner borrows $5,000 to pay for a new roof. The […]

Back to: 90 Hours Real Estate Sales Person Licensing Program ONLINE > Chapter 5-Encumbrances And Liens
© Copyright - Dodd's School of Real Estate
2-Encumbrances In Gross-Encumbrances and Liens4-Priority of Liens-Encumbrances and Liens