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Real Estate Term Lien

A lien on real estate is a legal notice associated with a property to advise any interested parties that a mortgage provider or other creditor is owed money by the property owner.

The most common property lien is a mortgage. Other types of liens include mechanics lien, tax lien and judgment lien. In Jamaica, liens are enforced by the National Land Agency.

If you are looking to purchase a house and the title search turns up outstanding liens against the property, your financial institution may refuse to finance the home purchase.

This definition has been provided for general information purposes only and does not constitute legal, investment or other professional advice. You should seek the advice of a financial or real estate professional before making any type of investment.