What does a recorded lien provide to the holder in relation to the property?

A recorded lien provides the holder with a security interest in the property. This means that the lien serves as a legal claim against the property, ensuring that the lender or creditor has a right to the property as collateral for a debt or obligation. If the debtor fails to fulfill their obligations, the holder of the lien has the ability to enforce their claim, potentially leading to foreclosure or forced sale of the property to recover the owed amounts.

The concept of a security interest is crucial in real estate and financial transactions, as it helps establish priority among creditors and protects the interests of the holder. Unlike outright possession, a security interest does not grant immediate control over the property but does provide a way to ensure that the property can be accessed or liquidated to satisfy the debt, should it become necessary.