Mechanics Lien

Business / Construction / Mechanics Lien: A lien on real property, created by statue in many years, in favor of persons supplying labor or materials for a building or structure, for the value of labor or materials supplied by them. In some jurisdictions, a mechanics lien also exists for the value of professional services. Clear title to the property cannot be obtained until the claim for the labor, materials, or professional services is settled. Timely filing is essential to support the encumbrance, and prescribed filing dates vary by jurisdiction.
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Mechanics Lien

Business / Construction / Mechanics Lien: A lien on real property, created by statue in many years, in favor of persons supplying labor or materials for a building or structure, for the value of labor or materials supplied by them. In some ju MORE

Mortgage Lien

Business / Real Estate / Mortgage Lien: A lien or charge on the property of a mortgagor that secures the underlying debt obligations. MORE

Perfected First Lien

Business / Finance / Perfected First Lien: A first attachment on an asset that is duly recorded with the relevant government body so that the lender will be able to act on it should the borrower default. MORE