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What does it mean if there's a lien on your property? âș Get A Free Stock on WeBull when you deposit $100 (Valued up to $1,400): â http://bit.ly/2xlc0q9 âș Join our private Financial Freedom Academy: â http://bit.ly/2GdjDCb âș Ready to buy your first FULLY DONE FOR YOU rental property? Book a 30 Minute call with our team â http://bit.ly/2lesrPD âș Want 0% Interest Funding For Your Real Estate? â http://bit.ly/3cIQLis âș Read My Best Selling Book âHow to Pay Off Your Mortgage in 5 Yearsâ â https://amzn.to/2CcSxIB âș Download our FREE Freedom Number Cheat Sheet here â http://bit.ly/2yj3pC6 ----------------- âș Want a 6% Interest Savings Account? Sign up for Outlet â https://morrisinvest.com/outlet ----------------- What is a property lien and how does it work? On todayâs show, weâre explaining the different types of property liens, and what you can expect as a real estate investor. Youâll learn about different situations that might warrant a property lien, and how to understand your rights. A property lien is someoneâs legal right to your rental property. If debts are not paid, the lien holder is ensured by law to be paid back. In essence, a lien is protection for the lender or other party. A lien is recorded at the county and a notice is sent to the property owner. A good lien is typically a mortgage, HELOC, or other type of lender. Banks automatically put a lien on your property when you take out a mortgage, simply to ensure they will get paid back. Bad liens are from other debt collectors such as contractors or utility companies. Another example of a bad lien is if you do not pay your taxes. ----------------- DISCLAIMER: I am not a financial adviser. I only express my opinion based on my experience. Your experience may be different. These videos are for educational and inspirational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. There is no guarantee of gains or losses on investments. AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, meaning, at NO additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. However, this does not impact my opinion. We recommend them because they are helpful and useful, not because of the small commissions we make if you decide to use their services. Please do not spend any money on these products unless you feel you need them or that they will help you achieve your goals.
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