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Account and Affidavit of Accounts Claiming Materialman or Labor Lien for Architect by Individual Arkansas Form

Account and Affidavit of Accounts Claiming Materialman or Labor Lien for Architect by Individual Arkansas Form

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all right so before we get started we have to know what a lien is so we can understand uh specific liens and how they work and the processes and whatnot so the definition of a lien is a lien represents a legal monetary claim held against or placed against a property personal property or real property which provides a lien holder security for a debt obligation or judgment so if you owe somebody money they can come after you to satisfy that debt by placing liens on your personal property like a car or your real property two things you have to know liens are generally enforced by a court order when the creditor actually files legal action and then number two court a court can order the forced sale of a piece of property to satisfy that debt and we're going to talk more about that in this video now liens fall in two categories they are a voluntary lien or involuntary lien and and we're going to discuss in detail both a voluntary lien is also known as and you have to know th

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