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A lien is a legal right to retain possession of someone else's property until their debt is paid. It's essential to associate liens with money, as they indicate financial obligations tied to properties rather than owners. There are different classifications of liens: 1. General Liens: Attach to both real and personal property, such as judgment liens or tax liens.2. Specific Liens: Attach to one particular property, examples include mortgages and property tax assessments.Liens can also be categorized as voluntary (placed by the owner, like a mortgage) or involuntary (imposed without the owner's consent). It's crucial to remove any liens on a property before transferring its title.
