A mortgage lien is a security interest in the property of another. A lender will take out a mortgage to finance a property and as part of the agreement, that lender will have the first right to foreclose on the property if they are unable to complete their loan. This is why it’s important to check your mortgage lien status and make sure that they haven’t filed a foreclosure against you. It is a legal claim that a lender has on the property of a mortgagor. The lender can foreclose on the property and sell it at ...Read more
