A lien, laying legal claim on another's property to secure the payment of a debt or the satisfaction of an obligation, is a very serious situation, particularly for a small business. Tangible assets ...

A mortgage lien is a mortgage lender’s legal right to take legal possession of your home if you fail to pay your debt — a process known as foreclosure. This claim makes your home the collateral that ...

What is a lien and how does it affect you? You’re in good company if you’re not exactly sure how liens work. It’s not one of those topics that makes it into most people’s water-cooler conversations.