What is a lien?

A lien is a legal claim on a piece of property that someone (usually a creditor) has against the owner of the property. In Virginia, a lien is used as a way to secure payment for debts or other obligations. When a lien is placed on a property, it means that the property can’t be sold, refinanced, transferred, or otherwise encumbered without the consent of the lienholder. A lien holder is typically a creditor of the owner, and can be a bank, mortgage company, contractor, or other entity that was not paid as agreed. Liens generally remain in place until the obligation is satisfied. In Virginia, liens must be released by the lienholder in writing or by a court order. When the debt is satisfied, the lien is cleared and the property can be sold or transferred.

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