What type of lien is a mortgage classified as?

A mortgage is classified as a voluntary lien because it is created with the consent of the property owner, who agrees to use the property as collateral for a loan. When a borrower takes out a mortgage, they willingly enter into a legal agreement with a lender, thus establishing a lien on the property that secures the repayment of the loan.

This type of lien is distinct from an involuntary lien, which is imposed without the consent of the property owner, such as a tax lien. Statutory liens are created by law, while judicial liens arise from court actions. In contrast, a mortgage represents a mutual agreement between the borrower and lender, highlighting its nature as a voluntary transaction.