Involuntary Lien
Definition of "Involuntary lien"
A lien on property such as for the nonpayment of real estate taxes or mechanic's lien for repairs to the home without the consent of the owner, created by operation of law.
Popular Real Estate Terms
Statement made verbally. It is better legally to have a written statement because verbal ones without witnesses may be denied. ...
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Money payments to be delayed for a future date or extended over a period of time. ...
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Giving of a promise or guarantee to the receiver to instill confidence. ...
Recurring obligation or assurance given. ...
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