If somebody put the lien on my real estate property, what does that mean?
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If somebody put the lien on my real estate property, what does that mean?
Asked on June 4, 2009 under Real Estate Law, New York
Answers:
J.V., Member, New Jersey Bar / FreeAdvice Contributing Attorney
Answered 14 years ago | Contributor
When there is a lien on your property what it means is that whomever filed the lien has a judgment against you that you did not pay. Because of that they will proceed to attempt to collect through other means.
One of those ways is to place a lien on a persons real property. What this means is that if you have no satisfied the judgment by the time you go to sell the property the lien holder is entitled to their judgment amount out of the proceeds
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