Property Ownership
In Illinois, a 'lien' on real property is best described as:
AA transfer of ownership to the lienholder
BA security interest or encumbrance giving the lienholder the right to have the debt satisfied from the property if unpaid✓ Correct
CA restriction on the type of improvements allowed on the property
DAn easement permitting access across the property
Explanation
A lien is a financial claim against property—a security interest held by a creditor that encumbers title. It does not transfer ownership but gives the lienholder the right to force a sale (through foreclosure or judicial sale) to satisfy the debt if the debtor doesn't pay. Common liens on Illinois real property include: mortgage liens, property tax liens, mechanic's liens, judgment liens, and HOA assessment liens.
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