A lien is the legal right of a creditor to sell a debtor’s loan collateral in the event that he or she fails to meet the obligations of the contract. The lien holder is typically the bank or financial institution that grants the loan. The lien is released when the amount due on the loan is paid.
There is a another type of lien called a mechanic’s lien, which attaches to real property if the owner does not pay a contractor for services that he or she provides. If the debtor does not pay the contractor, the company has the legal right to auction off the property in order to pay the lien holder.
Lien Expert Witnesses from ForensisGroup are experienced in the fields Escrow and Real Estate, and have worked with escrow and title insurance services, escrow closings, lending and mortgage broker operations, loan applications, and document review. These experts also are knowledgeable in lien custom and industry practice.
The business experience of our experts includes lien audits and reconstruction. They often deal with issues with loan closings of residential and commercial real estate and lender transactions, including refinance, reverse mortgages, foreclosures, as well as resolution of ownership interest in real property, and lien and encumbrance priority.
Find a highly qualified Liens Expert Witness from ForensisGroup. We are the top providers of trusted experts in complex property and banking issues. Submit An Expert Request Form or contact ForensisGroup immediately to request the liens expert that you need.