Monthly Archives: December 2014

Types of Lien


A lien is a legal or a formal document prepared to be signed by the party to whom the money is given by the debtor. It often entails the need of attaching property if money is to be obtained by selling the property; after the party fails to repay. A deed of trust is prepared in this respect. The recipient is called lienee and the person who benefits of giving lien is called a lien holder or lienor. Continue reading