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Commonly Asked Questions about Legal Liens Documentation

Mortgage Lien The most common type of lien is a mortgage. This is a lien taken by a mortgage lender whenever it provides a loan against a piece of property. This lien is granted voluntarily by the property owner when they close on their loanits among the pile of documents that homeowners sign when closing on a house.
What is a Lien? The term lien refers to a legal claim or legal right which is made against the assets that are held as collaterals for satisfying a debt. A lien can be established by a creditor or a legal judgement. The purpose of the lien is to guarantee an underlying obligation such as the repayment of the loan.
The mortgage, or deed of trust as its called in some states, is the legal instrument that creates a lien on your property. This gives the lender the right to foreclose on your property should you not satisfy the terms of the loan agreement. It creates a security interest in the property on behalf of the lender.
Title Report or Preliminary Title report Provided by the title company, this document details all current records and liens recorded against the property.
The document that would note a lien on the title is Abstract. An abstract is a summary or a brief overview of a document, and in the context of a property title, an abstract would include information about any liens or encumbrances on the property.
If the other side owns real estate in California, you can put a lien on that property so that if they ever sell or refinance the property you might get paid. To do this, you first need an Abstract of Judgment.
A lien is a claim or legal right to a persons or a companys physical property or other assets, often created when assets are voluntarily put up to secure a loan. But liens can also be established involuntarily through a legal judgment by a court or by tax authorities looking to collect what they are owed.
Abstract of Judgment: A summary of the essential provisions of a court judgment which, when recorded in the county recorders office, creates a lien upon the defendants property in that county, both presently owned or afterward acquired.