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A lien is a legal tool used by those you owe money to and ensures you'll repay them -- sooner or later. Here, we look at how liens work, who can place a lien on your property, and what you can do if a lien is placed.
A lien is a legal claim against your property, and amounts to a guarantee that you can't sell it without repaying the outstanding debt. Interestingly, liens can be placed against other possessions too. For example, a creditor might put a lien on a vehicle or furniture you're still paying for. However, here we'll focus on liens placed on homes.