Let’s say that you buy a home in cash and have 100% paid off. Could you still lose it somehow?

  • Pronell@lemmy.world
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    11 months ago

    In my understanding a lein doesn’t usually lead to disclosure, they just make sure they get paid when it’s sold.

          • brianorca@lemmy.world
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            11 months ago

            The mortgage is a type of lien. But there are other kinds of liens, such as when a contractor works on your house, and you didn’t pay them, they can place a lien on the property until you pay. In the worst case, a contractor could forclose and force the sale to cover the debt.

          • grue@lemmy.world
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            11 months ago

            The sentence in question was:

            a lein doesn’t usually lead to disclosure

            I don’t know if “foreclosure” is the right word to describe a forced sale due to a lien, but I do know the person didn’t mean to write “disclosure” instead.