What is a lien ?

[Cherry Pro]

Can someone please explain how this works.

I've been told that a lien is quite like a second mortgage...would appreciate some clarification around this in the light of commercial property.

In the commercial arena, what kind of returns are normally expected from a lien against equity ?

What happens if the investment goes pear shaped or prices slide ...what kind of recourse does one have ?

Many thanks.

 

[Raddles]

HI there
a lien is a right to hold the property of another as security for the performance of an obligation.
An example is a solicitor having a lien on his client's papers to secure the payment of costs.
What property or debt is involved? as a lien is not as strong as a second mortgage which can be registered on title and would notify all parties of the interest of the lender. A lien cannot avail against the purchaser of a legal estate for value without notice of the lien.
thanks

 

[Cherry Pro]

Thanks Raddles ...I'll pm you with details.

 

[geoffw]

And here was I thinking that a lien was a movie starring Sigourney Weaver

 

[gerd.]

http://www.investorwords.com/2800/lien.html

Gerd

 

[TheBacon]

And here was I thinking that a lien was a movie starring Sigourney Weaver

LOL

GROAN

LOL

Love it!!

 

[turk]

And here was I thinking that a lien was a movie starring Sigourney Weaver

Silly boy Geoff,

A lien is an Irish girl with a short leg.

She has a brother Doug who has a shovel and Douglas who does'nt.

Peter

 

[boods99]

Silly boy Geoff,

A lien is an Irish girl with a short leg.

She has a brother Doug who has a shovel and Douglas who does'nt.

Peter

...and their mother, eileen, who only has one leg...

 

[boods99]

...and their mother, eileen, who only has one leg...

...and last and by no means least...their dad, Bob, double amputee who enjoys a swim...

 

[geoffw]

...and their mother, eileen, who only has one leg...

Just like their Chinese friend, Irene.

 

[Simon]

...and last and by no means least...their dad, Bob, double amputee who enjoys a swim...

And then Uncle Neil who lost both legs at the knees...

 

[boods99]

oh..I almost forgot aunty olive...she had a tooth pick stuck in her head.

 

[skater]

G R O A N..........Those jokes are SO bad.

 

[knightm]

G R O A N..........Those jokes are SO bad.

But oh so educational - silly me all this time I thought a Lien was the king of the jungle...

 

[twodogs]

...and last and by no means least...their dad, Bob, double amputee who enjoys a swim...

And his brother Russell, the gardener that lost both arms and both legs in a tragic shedder accident, who now likes roll on piles of leaves.

His dad, the mechanic who works under cars.... Jack

His dog also had also no legs, but what was he called ? Doesn't matter, he still would come to you.

 

[skater]

And I suppose his blind deer, called..... No Idea

 

[twodogs]

And I suppose his blind deer, called..... No Idea

And what will they call it after it dies ?? Still, no idea.

(Sorry CherryP for doing this to your thread, is quite mean of us.)

 

[geoffw]

And what will they call it after it dies ?? Still, no idea.

There is a followup to that, but I won't go there

I wanted to rent "Bambi", but it was too deer.

I wanted to rent "Bambi", but I didn't have the bucks.

I wanted to rent "Bambi", but it was too much doe.

I wanted to rent "Bambi 2" but it was two deer.

 

[twodogs]

There is a followup to that, but I won't go there

I wanted to rent "Bambi", but it was too deer.

I wanted to rent "Bambi", but I didn't have the bucks.

I wanted to rent "Bambi", but it was too much doe.

I wanted to rent "Bambi 2" but it was two deer.

You win!! But I do wonder what to do with Bambi once rented, perhaps handy for a buck's night?

 

[geoffw]

If you REALLY want a definition, there is always the hit Come on a lien