What is a mechanic’s lien?
A mechanic’s lien are liens that those repairing property and are usually filed by contractors, subcontractors, or supplier for work they performed but never received payment for.
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What is a judicial lien?
Basically, if a court finds that a debtor owes money to a credit and the judgement remains unsatisfied, the creditor can ask the court to impose a lien on specific property owned and possessed by the debtor. That really means that the debtor cannot sell their property to someone else since there is a lien […]