Liens

A lien is a legal notice or claim of ownership attached to your property, usually due to monies owed.  Your mortgage lender has the most significant lien on your home, but liens can be placed on your home by utilities companies or contractors just to name a few.  When buying a home the Title company usually does a lien search on the property you are about to buy to ensure all liens are paid in full before the purchase of the home closes.