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• the lender’s right to claim the homeowner’s property in the event the homeowner defaults. If there is more than one lien, the claim of the lender holding the first lien will be satisfied before the claim of the lender holding the second lien, which in turn will be satisfied before the claim of a lender holding a third lien, etc.

  Departments of the Treasury & Housing and Urban Development, Making Home Affordable Program - Cite This Source - This Definition
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  Cite Definition for Lien

  American Psychological Association (APA)

  Lien. (n.d.). Making Home Affordable Glossary. Retrieved April 1, 2023, from website: http://www.expertglossary.com/definition/lien.

  Chicago Manual of Style (CMS)

  Lien. www.makinghomeaffordable.gov. Making Home Affordable Glossary. Departments of the Treasury & Housing and Urban Development, Making Home Affordable Program. http://www.expertglossary.com/definition/lien (accessed: April 1, 2023).

  Modern Language Association (MLA)

  "Lien." Making Home Affordable Glossary. Departments of the Treasury & Housing and Urban Development, Making Home Affordable Program. 1 April. 2023 http://www.expertglossary.com/definition/lien.

• Browse Related Terms: First Mortgage, Guarantee, Hazard Insurance, Lender-Placed Insurance, Lien, mortgage, Mortgage Insurance (MI), second mortgage, Suspension

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