Encumbrances
February 12, 2016/
Debt or liens against property. For example, when property is used as collateral for payment of a debt, such as a mortgage, the property is said to be encumbered. The mortgage is an encumbrance.
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Debt or liens against property. For example, when property is used as collateral for payment of a debt, such as a mortgage, the property is said to be encumbered. The mortgage is an encumbrance.