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Lien |
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Lien |
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A Lien is a charge or claim that one person has on the property of another as security for a debt or an obligation
| • | A lien can be by agreement (mortgage) or by law (tax lien) |
| • | A specific lien is against a particular property |
| • | A general lien applies to all the lienee's real and personal property. All property is attached. |
A Lienor holds the mortgage or other debt. A Lienee is the debtor.
Page url: http://www.georgiaappraiser.com/db/glossary/index.html?lien.htm
