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A lien is a security interest or legal right acquired in ones property by a creditor , or lienholder. A lien usually prevents sale of the property until the underlying obligation to the creditor is satisfied.
A lien secures the governments interest in your property when you dont pay your tax debt. A levy actually takes the property to pay the tax debt. If you dont pay or make arrangements to settle your tax debt, the IRS can levy, seize and sell any type of real or personal property that you own or have an interest in.
A common law lien is a lien that is created due to common law and does not depend on any statute or contract for its existence. Unless abolished by statute or judicial decision, common law liens generally have the force of law in each U.S. state.
In South Carolina, a claim of lien must be filed no later than 90 days after the last day on which the claimant furnished labor or materials to the project. Unlike many other states, South Carolina generally allows call-back or warranty work to extend the time period in which a lien may be filed.
lien. n. any official claim or charge against property or funds for payment of a debt or an amount owed for services rendered. A lien is usually a formal document signed by the party to whom money is owed and sometimes by the debtor who agrees to the amount due.
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A lien is a legal claim against your property or assets that are used as collateral to satisfy a debt. Courts often issue liens when a debtor fails to pay a loan or other debt agreement.

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