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Assignment of Lien Corporation Washington Form

Assignment of Lien Corporation Washington 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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