A lien is a legal claim or hold on a property as collateral for a debt, which can be voluntary (like a mortgage) or involuntary (like a tax lien or mechanic's lien). A judgment, on the other hand, is a court order that says one party owes money to another. If you win a property at auction, whether you have to pay off a judgment or a lien before receiving the title depends on the type of auction and the status of these claims.
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What is the difference between a judgment and a lien?
What is the difference between a judgment and a lien? Does an auction winner have to pay off both of these before receiving the title?
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28 days ago
28 days ago
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