Statutory Liens
Definition of "Statutory liens"
Charges resulting in involuntary encumbrances against real property derived from legislated law rather than from debts owed to organizations o r individuals. For example, of a homeowner does not pay his real estate taxes, the tax assessor may statutorily place a lien on his or her property for the back taxes owed.
Popular Real Estate Terms
Individual who by his expertise, education, and experience prepares syndication reports. ...
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Claim or debt that may be recovered by instituting a lawsuit. ...
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Something that is illegal. An example is an unenforceable debt because it has exceeded the statute of limitations. ...
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Ownership of property by one individual. ...
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