What type of lien is voluntarily placed by an owner against their property?

The correct choice is a voluntary lien, which is a legal claim or obligation that an owner places on their property willingly, typically as a result of borrowing money or financing. When a homeowner takes out a mortgage, for instance, they give the lender a voluntary lien on the property as collateral for the loan. This means the lender has the right to take action against the property should the borrower default on the mortgage terms.

A voluntary lien contrasts with other types of liens, such as involuntary liens. Involuntary liens are placed against a property without the owner's consent, often resulting from legal judgments or unpaid debts. Statutory liens arise from laws and regulations rather than from the owner's actions, such as tax liens imposed by government entities for unpaid taxes. A fixed lien isn't a standard category in lien terminology and does not refer to a specific type of lien defined in property law.