Definition of "Statutory liens"

Josephine Carpenter real estate agent
Josephine Carpenter, Real Estate Agent RE/MAX Elite

Charges resulting in involuntary encumbrances against real property derived from legislated law rather than from debts owed to organizations o r individuals. For example, of a homeowner does not pay his real estate taxes, the tax assessor may statutorily place a lien on his or her property for the back taxes owed.

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