4 ms·
If you own a home and have a mortgage, there is a lien on your property. There are many ways a lien could be granted on property you own; taking a mortgage, lo
by mercutio2 4y ago
If you own a home and have a mortgage, there is a lien on your property.
There are many ways a lien could be granted on property you own; taking a mortgage, loss of a civil suit, unpaid property taxes are a few common ways.
It is fine to say you don't own anything with liens on it "free and clear". The lien places limits on your ability to do certain things, mostly (quite reasonably) changing ownership.
But ownership is about control, and no one ever has complete control over any physical property, so owning with a mortgage is certainly well within the sphere of what most people think of ownership as.
- nerdchum 4y agoin the first part you say you don't control the property because there's numerous things one can't do. them in the last paragraph you say that one doed control property? thesis does not seem cohesive to me
- mercutio2 4y agoNo one ever has absolute control. Control is a continuum. Ownership is a well defined concept in US society. That it doesn’t map to the absolute terminal point on the control continuum does not mean the common legal and vernacular definitions of ownership are broken.