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What is a Mortgage Lien?

Friday, June 14, 2019, 10:44 AM

A mortgage lien gives the bank safety as it has legal right on the property, if the loan turns bad. It gives the bank a claim on the property, until the debt is fully repaid. In other words, a mortgage lien is a legal claim imposed against a mortgaged property, which could be a house or a property.

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