mortgage lien

Definition

A legal claim against a mortgaged property, which must be paid when the property is sold.

Use mortgage lien in a sentence

You should try and make sure that you always pay off what you owe so that you do not have to face a mortgage lien.

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Since they had a mortgage lien on their property, they had to account for paying that off first before their home was sold.

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The mortgage lien was classified as a second lien so the trustee said since the first lien does not get full payment, the second lien gets zero.

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lien trust deed