What is the difference between a lien and a lien foreclosure?

A lien and a lien foreclosure are two different legal processes related to real estate litigation law in Virginia. A lien is a legal claim against a property that provides the lienholder with a way to receive payment from the property owner. A lien can arise from an unpaid debt, a contract, or other court judgement. The lien gives the lienholder the right to collect money from the property owner if the debt is not paid. A lien foreclosure, on the other hand, is a legal action that involves the sale of the property to pay off the debt. A lien foreclosure is not initiated by the lienholder, but rather by the court in order to collect the money owed. When a lien foreclosure takes place, the property is sold to the highest bidder in order to satisfy the debt owed to the lienholder. If the property does not sell for enough money to cover the debt, the lienholder may have to sue the property owner for the remaining balance. In summary, a lien is a legal claim against a property that provides the lienholder with a way to receive payment from the property owner. A lien foreclosure is a legal action that involves the sale of the property in order to pay off the debt.

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What is the difference between a lien and a lien foreclosure?

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