Definition of "Involuntary lien"

Lalla Fitzpatrick real estate agent

Written by

Lalla Fitzpatrickelite badge icon

Howard Hanna - Webster

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.

image of a real estate dictionary page

Have a question or comment?

We're here to help.

*** Your email address will remain confidential.
 

 

Popular Real Estate Terms

Measure of land representing one square mile. A section equals 640 acres. ...

Generally, a turnaround means a performance improvement. The term applies to various economic fields and real estate too.  What does turnaround mean? After a prolonged recession, a ...

Precalculated tables providing the present values of $1 or an annuity of $1 for different time periods and at different discount rates. ...

Degree of completion or accomplishment such as a home that is 70% completed. Condition of real property. Position of an item. Legal standing such as of a case. ...

An individual appointed by a court to manage the affairs and property of a legally incompetent party. The conservator has full decision-making authority over the affairs of the property in ...

Administering and directing the activities of a real estate brokerage firm to assure they are in compliance with regulations and policies. ...

Single-family dwelling attached to other units by common walls. ...

Financial standing of a debtor as a basis to pay obligations. ...

A property manager is either a person or a company that supervises real estate units’ daily operations. They can either manage individual units or entire buildings, both residential ...

Popular Real Estate Questions