Abstract of Lien

An abstract of lien is a legal document that summarizes any claims or interests a creditor has against a property owner’s assets due to unpaid debts. It serves as a public record, informing potential buyers or lenders that there is a lien on the property, which could affect ownership or the ability to sell. This document helps protect the creditor's rights by making their claim clear and visible. In essence, it ensures that anyone interested in the property is aware of the financial obligations connected to it.