mechanic's lien
A lien placed on a property or land for to secure payment for work performed and materials provided for construction or improvements.
If, for example, a construction company has not been paid for quality work performed as required on the building of a home, the company may have the right to place a lien on the property.
Title cannot pass from seller to buyer until liens have been resolved.
If, for example, a construction company has not been paid for quality work performed as required on the building of a home, the company may have the right to place a lien on the property.
Title cannot pass from seller to buyer until liens have been resolved.
