Common use of Lien; Lienholder Clause in Contracts

Lien; Lienholder. A lien is a recorded claim or lien against Property, including, but not limited to, a mortgage, deed of trust, mechanic’s lien, judgment or tax lien (Lien). A title insurance commitment may be used to show any Lien against Property. A lienholder (Lienholder) is a creditor who has a Lien and agrees to release the Lien in a short sale (§ 2.2 below).

Lien; Lienholder. A lien is a recorded claim or lien against Property, including, but not limited to, a mortgage, deed of trust, mechanic’s lien, judgment or tax lien (Lien). A title insurance commitment may be used to show any Lien against Property. A lienholder (LienholderXxxxxxxxxx) is a creditor who has a Lien and agrees to release the Lien in a short sale (§ 2.2 below).