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What is a hidden lien?

April 26, 2017hidden lien

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What is a hidden lien?

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Called a maritime lien, if the owner of the yacht owes any money to a person who has performed work on the boat, provided any type of services or supplies to the yacht, and hasn’t received payment for these services, they can make a claim against the yacht (a lien), rather than against the owner. The owner of the lien can bring a “in rem” proceeding against the vessel, causing it to be sold by federal marshal to satisfy the lien.