Property Ownership
In New Mexico, a 'lien' on real property is best classified as:
AA physical encroachment
BA financial encumbrance that serves as security for a debt and can be enforced through foreclosure✓ Correct
CAn easement for public use
DA deed restriction
Explanation
A lien is a financial claim against property as security for a debt. If the debt is not paid, the lienholder may initiate foreclosure proceedings to satisfy the debt from the property's value.
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