Texas Mechanic’s and Materialmen’s Liens on Real Estate
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Category: Mortgages and Liens

A lien is a claim on property or equipment that is used as collateral for borrowed funds or for necessary payment, whereas a mortgage is a legal contract between the lender and the borrower that allows a borrower to borrow money from a lender in order to buy a house or property.

Texas Mechanic’s and Materialmen’s Liens on Real Estate

Posted on November 11th, 2017 by designer dev
Just as a home mortgage lender keeps an interest in a home in order to secure payment on the mortgage, the law provides a method for contractors and subcontractors to keep an interest, or a mechanic’s lien, in the property they build or improve in order to secure payment for their services and materials. If …
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