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Specific Lien

2 Posts
1 Sections
1 Types

January 1, 1 6 min read Definitions

General Lien Real Estate Legal Claim Debt Collection Property Interest Judgment Specific Lien Debtor

A general lien is a legal claim on all the property owned by a debtor, rather than a specific piece of property, for the fulfillment of a debt. This type of lien impacts every asset that the debtor owns.

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January 1, 1 6 min read Definitions

Specific Lien Real Estate Finance Mortgage Collateral Property Law Foreclosure Debt Settlement Legal Claims

A specific lien is a claim on a specific piece of property used as collateral for a loan. This differs from a general lien, which is a claim on all assets of an individual.

Read more about Specific Lien.