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Lien Law

A lien is a method of securing payment of a debt with property. If the debt is not paid, the property that is subject to the lien can be sold and the proceeds applied to payment of the debt. The main types of liens are mechanic's liens (when labor or materials are furnished to real property), assessment liens (to secure payment of assessments to a Condo or Homeowner's Association), and judgment liens (to help a judgment holder collect a judgment).