involuntary lien

Involuntary Lien

A non-consensual claim to the property of another as collateral to ensure the repayment of a debt. An involuntary lien may be imposed by a court, often for non-payment of taxes. The involuntary lien gives the tax authority (or other body) the right to confiscate one's property if the debt is not settled. An involuntary lien contrasts with a voluntary lien, to which the debtor consents.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

involuntary lien

A lien on real estate that results without the property owners' voluntary cooperation in the placement of the lien. Examples include tax liens and judgment liens. Contrast with a mortgage,which is voluntary.

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.
Mentioned in ?
References in periodicals archive ?
equiRisk combines ownership, real estate tax, open voluntary and involuntary lien data and vesting deed documents.
[n]o property of the Corporation shall be subject to levy, attachment, garnishment, foreclosure, or sale without the consent of the Corporation, nor shall any involuntary lien attach to the property of the Corpo-ration." (89) The only difference between the two statutes is that in the Federal Foreclosure Bar the word "Corporation" is replaced with "Agency." (90) So while the Federal Foreclosure Bar may have first been interpreted by the Ninth Circuit in Berezovsky, the FDIC Exemption has been interpreted by courts for years.
A materialman's, mechanic's or other involuntary lien should not trigger full recourse liability as borrowers may have a good faith dispute with a laborer who files a lien against the property.
Products available through the new portal include property, legal and vesting reports that include information relating to ownership, tax assessment values and payment status, mortgages and other involuntary liens, and recordable legal descriptions.

Full browser ?