Real Estate Glossary

What is Lien?

A lien is a legal claim on a property that is used as security for the payment of a debt or other obligation. Lien is typically used to secure payment of mortgages, construction loans and many other debts in real estate. When you take out a mortgage to buy a house, for example, the bank will put a lien on the property until you pay off the loan. If you default on the loan, the bank can foreclose on the property to collect the money it's owed.

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Beycome Family of Companies: Beycome Mortgage LLC provides home loans; Beycome Brokerage Realty LLC, Beycome Brokerage Realty Inc., and Beycome of Florida LLC provide real estate services; Beycome Title of Florida LLC provides title insurance services. These are separate entities under Beycome Corp., each governed by its own management as required by law, but all owned by the same individuals, forming a business relationship.
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