A lien on a home is a legal claim against the property that is connected to an unpaid debt or financial obligation. While the word may sound alarming, not every lien is a sign of financial trouble. In fact, most homeowners have a voluntary lien on their property in the form of a mortgage. Understanding how property liens work is important whether you already own a home, are preparing to sell, or are purchasing a property. An unresolved lien can affect your ability to sell, refinance, or transfer clear ownership of a home.

Mortgage rates edged lower this week, giving homebuyers a modest break as the summer housing market approaches its end. While rates remain above some buyers' comfort levels, a combination of slightly lower borrowing costs and softer home prices may be creating more opportunities for those prepared to buy. The average 30-year fixed mortgage rate fell to 6.65% for the week ending August 20, according to Freddie Mac. That was a small decline from the previous week and remains close to the range rates have occupied throughout much of 2026.

Buying a condo in 2026 may require more than evaluating the unit itself. New Fannie Mae and Freddie Mac requirements are putting greater focus on the financial health, insurance, maintenance, and overall condition of condominium communities. For buyers using a Conventional mortgage, this means the condo project itself can become an important part of the loan approval process. Even a financially well-qualified buyer could face delays or challenges if the building does not meet the required standards.