Скачать или смотреть Liens: Legal Claims On Your Property In California Explained By Bankruptcy Lawyer Nicholas Gebelt

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A lien is a legal claim against an asset, typically serving as collateral to secure a debt. If a lien is not recorded, it remains unperfected, which generally means the debt is treated as unsecured. For a creditor to have an enforceable security interest, the lien must be recorded with the appropriate governmental entity, such as a county recorder’s office for real estate or the Department of Motor Vehicles for vehicles.

Recording a lien is critical for creditors because it establishes their priority over other claims in case of default or bankruptcy. An unrecorded lien may leave the creditor with no enforceable claim on the asset, reducing their ability to recover the debt.

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