Mortgage Lien

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Mortgage Lien

The right of a lender to take possession of a designated piece of real estate if a borrower does not repay a mortgage. For example, if Joe buys a house with a mortgage loan and then defaults, the lender may take possession of the house. The lender releases the lien when the mortgage is fully repaid.
References in periodicals archive ?
Title Insurance is a form of indemnity insurance that insures against financial loss from defects in title to real property and from the invalidity or unenforceability of mortgage liens.
SOURCE: CoreLogic used its public-record data as the source of the mortgage debt outstanding (MDO), and data include first mortgage liens and junior-mortgage liens in order to capture the true level of mortgage debt outstanding for each property.
The assessments are senior to any mortgage liens on the properties and are paid pari passu with property taxes.
SOURCE: CoreLogic used its public record data as the source of the mortgage debt outstanding (MDO), and data include first mortgage liens and junior-mortgage liens in order to capture the true level of mortgage debt outstanding lor each property.
All proceeds from the sale, if consummated, after provision for taxes on gains and repayment of less than $1,000,000 in mortgage liens will be initially applied toward the Company's outstanding bank debt.
The credit lease transactions also benefit from first mortgage liens on commercial properties.
First mortgage liens on land equal to a minimum of 200% of the outstanding debt (under certain limited circumstances, liens equal to a much greater amount are required);
The loan pool consists of 12 loans secured by first mortgage liens on 59 properties.
The loan is secured by first-priority, cross-collateralized and cross-defaulted mortgage liens on 50 Fairfield Inns limited-service hotels located in 16 states.
The Equity Inns portfolio is secured by nine, cross-collateralized and cross-defaulted first mortgage liens on nine limited service hotels, originally totaling 1,181 rooms and located in various states.
The Equity Inns portfolio is secured by nine cross-collateralized and cross-defaulted first mortgage liens on nine limited-service hotels, totaling 1,181 rooms and located in various states.
The certificates evidence beneficial ownership interest in a trust fund consisting of a pool of 422 fixed-rate mortgage loans secured by first mortgage liens, and, in the case of two loans, second mortgage liens with the related first mortgage lien in the pool, on approximately 439 commercial and multifamily properties.