HomeTermsCompareFinance Voluntary LeinThe definition for Voluntary Lein:A lien placed against real property by the voluntary act of the owner. Most commonly, a mortgage or deed of trust Similar MatchesInvoluntary ConversionInvoluntary ConversionConversion of real property to personal property (money) without the voluntary act of the owner. This occurs when property is taken by eminent domain (condemnation). The owner is allowed to convert back to real property (buy another property) without paying tax on the gain from the condemnation. This must be done within a set time (3 years) and the prices of the old and new property are considered to form a new tax base. Click to compare definitions of Voluntary Lein Click to view definitions beginning vo |