A legal claim against a mortgaged property, which must be paid when the property is sold.
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A mortgage lien is a a form of conditional ownership of your property claimed by your home loan provider. Since your lender has a claim on your home, you ...
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Definition of mortgage lien: A legal claim against a mortgaged property, which must be paid when the property is sold.
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encumbrance on property used to secure a loan. The holder of the lien has a claim to the property in case of loan default.
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Mortgage Lien - What is a mortgage lien? Learn all about this topic today.
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A mortgage lien is always the superior lien on a property. The mortgage lender uses its lien as financial protection in the event the homeowner defaults on the ...