Waiver Of Lien

Definition of "Waiver of lien"

Aniko Molnar-Szakolczai
Aniko Molnar-Szakolczai Callaway Henderson Sothebys International Realty

Voluntary giving up of a right of a lien, usually on a temporary basis. The waiver may be explicitly stated or implied. An example is when a lender waives its right of lien against secured property of the borrower because of missed payments on a mortgage.

Have a question or comment? We're here to help.

*** Your email address will remain confidential.

Search Real Estate Terms

Popular Real Estate Terms

Popular Real Estate FAQ