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What kind of interest does a lienor have in the liened party?

1 Answer

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Final answer:

A lienor has a legal interest in the liened party and holds a lien over their property until a debt or obligation is satisfied.

Step-by-step explanation:

A lienor, also known as a lien holder, has a legal interest in the liened party. A lien is a legal claim or right that a person or entity holds over someone else's property until a debt or obligation is satisfied. The lienor has the right to retain possession of the property until the debt is paid, and may have the authority to sell the property to recover the owed amount.

answered
User Ken Geis
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