Creditor’s Rights: What is a Consensual Lien? Maryland Bankruptcy Attorney

A lien is nothing more than a property interest that secures a debt. A consensual lien is a lien that a person gives voluntarily, often to secure the purchase price of a home or a car. Consensual liens generally give the creditor greater rights than judicial liens. The most important thing to keep in mind about a lien is that it relates to a specific piece of property.