What is a Perfected Lien
By filing and recording Liens a lender gains protection from other parties making claims against a Property.Â
A Perfected Lien gives a lender priority in the event that the borrower fails to make payments on the Property.
An Unperfected Lien is a Lien that a lender has not filed with the correct legal authority. Â As a result other creditors can make claims on the property.
A creditor with a Perfected Lien takes priority as far as being paid for the secured debt over creditors with Unperfected Liens.
