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Mechanics Liens Illinois Form

Mechanics Liens Illinois Form

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a Leen is a right to keep possession of property belonging to another person until a debt owed by that person is discharged when you think of a lean think of money just keep saying to yourself lean money lean money lean money until whenever you see the word lean a dollar sign pops into your head remember all leans are attached to the property not to the owner so when you take on a new property you want to make sure to have the appropriate leans removed before transferring title let's discuss leans a bit further leans can be classified as general or specific voluntary involuntary statutory or Equitable a general lean is a lean on property both real and personal of the debtor example would be judgment leans Corporation or franchise tax leans inheritance tax income tax debts of a deceased person and so on a specific lean is against one property examples would be a trusted or mortgage property tax assessments or mechanics lean a voluntary lean would be a lean that was placed on the

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