A lien is defined as a claim against a property for repayment of a loan or other judgments.This sounds like a very boring topic, but it’s one of vital interest to you as an investor. This is because of one very important fact–a lien affects the ability to transfer ownership of a property!Believe me, it gets very exciting (and unpleasant) when a lien pops up and causes a very profitable deal to fall through. Failure to do due diligence on properties can cost you a lot of money!So, my advice is to study closely the information in this article. It can keep you on the path of profitability and save you considerable heartache.Categories of LiensAs I said earlier, liens are a claim against a property. In general, there are two categories of liens—voluntary and involuntary.A voluntary lien is a mortgage or deed of trust lien. In other words, when you buy a property, you agree that the lender has a claim on that property until the mortgage or deed of trust is paid in full. An involuntary lien is the result of legal action. Hopefully, you won’t have to deal with every type of lien I describe below, but, if […]

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