With a mechanic's lien, real estate becomes security for a debt.

Name: With a mechanic's lien, real estate becomes security for a debt.
Brand: Quizplus
Rating: 4.7 (43 reviews)

Question

Quizplus · Accepted Answer

A mechanic's lien is a legal claim that can be placed on a property by someone who has performed work on the property but has not been paid. The lien gives the unpaid party a security interest in the property and can be used to secure payment of the debt. Therefore, with a mechanic's lien, real estate becomes security for a debt.

With a Mechanic's Lien, Real Estate Becomes Security for a Debt