What’s an Equitable Lien?
What is an equitable lien? An equitable lien is a device created by North Carolina courts to protect people whose money is wrongfully spent by someone else to improve that other person’s property. Courts can give the victim a right to be paid from the sale of the property. This right to payment attaches specifically to the wrongfully improved or purchased property. FOR EXAMPLE, Andrew is Vicky’s power of attorney. Andrew wants to buy a new house, so he uses his power to take $50,000 from Vicky to help pay for it. However, Vicky never gave Andrew permission to take the money. Vicky now...
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