Lien | CarAccidentHome.com

Call any time for a free evaluation

800-566-7404

What does Lien mean?

A lien is a legal claim on property. Liens can include second mortgages or vehicle loans where the object or possession is collateral against the loan amount. Property which has a lien against it cannot be sold or transferred without first clearing the lien. If the owner of the property defaults on loan payments, the lender has the legal authority to repossess and sell the property to repay what is owed on the loan. Failure to make payments on a loan is termed default.



« Back to Glossary

Browse Car Accident Terms Alphabetically:
A | B | C | D | E | F | G | H | I | J | L | M | N | O | P | R | S | T | U | V | W | ALL


Do You Need a Lawyer?

Complete the short form and attorney will review your case for FREE. Don't wait -- Get Help Today!


See How Much You're Owed in Compensation!

- Click the Button Below for Your FREE Evaluation -


Why Should I Get an Evaluation with Car Accident Home?

  • Get more money - Getting an estimate will help you know the true value of your claim.
  • Insurance companies will try to pay you less than your claim is worth - don't let them.
  • You'll have the option to speak with a real auto accident attorney in your area - for free!
  • You have nothing to lose! The evaluation is COMPLETELY FREE.