Mortgage Liens

A mortgage lien is a legal claim that a lender has on a property when a borrower takes out a loan to buy that property. It ensures that if the borrower fails to repay the loan, the lender can take the property through foreclosure to recover their money. This lien remains on the property’s title until the loan is fully paid off. In essence, the mortgage lien protects the lender's financial interest in the property while allowing the borrower to use the property as their own, as long as they meet their repayment obligations.