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  2. Collateral (finance) - Wikipedia

    en.wikipedia.org/wiki/Collateral_(finance)

    In a typical mortgage loan transaction, for instance, the real estate being acquired with the help of the loan serves as collateral. If the buyer fails to repay the loan according to the mortgage agreement, the lender can use the legal process of foreclosure to obtain ownership of the real estate.

  3. Lien - Wikipedia

    en.wikipedia.org/wiki/Lien

    vendee's lien—a buyer's lien on the purchased land as security for repayment of purchase money paid in, enforceable if the seller cannot or does not convey good title. vendor's lien—a seller's lien on land as security for the purchase price (sometimes called an unpaid vendor's lien). voluntary lien—a lien created with the lienee's consent.

  4. Security interest - Wikipedia

    en.wikipedia.org/wiki/Security_interest

    In finance, a security interest is a legal right granted by a debtor to a creditor over the debtor's property (usually referred to as the collateral [1]) which enables the creditor to have recourse to the property if the debtor defaults in making payment or otherwise performing the secured obligations. [2]

  5. Mortgage liens: What they are and how they work - AOL

    www.aol.com/finance/mortgage-liens-170517279.html

    Voluntary property liens vs. involuntary property liens Voluntary property liens: These are created through a mortgage agreement, in which you allow the lender to use the property as collateral in ...

  6. What is a clear title? How to check if a property has one - AOL

    www.aol.com/finance/clear-title-check-property...

    In real estate, clear title and clean title are used interchangeably to refer to a home title that is free of liens or other issues. Yes, it’s possible to buy a home without clear title, but it ...

  7. Title search - Wikipedia

    en.wikipedia.org/wiki/Title_search

    In real estate business and law, a title search or property title search is the process of examining public records and retrieving documents on the history of a piece of real property to determine and confirm property's legal ownership, and find out what claims or liens are on the property. [1]