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.

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.

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voluntary lien

References in periodicals archive ?

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.

Don't be left holding the bag when good boys go bad

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.