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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.

Mortgages and Liens

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

Posted on November 11th, 2017 by Sheehan Law, PLLC
Texas Mechanic’s and Materialmen’s Liens on Real Estate 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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