What is the primary function of a vendees lien?

The primary function of a vendee's lien is to protect the buyer's interest in a transaction. This legal concept arises when a buyer has made payments towards a property but has not yet received the legal title. In such cases, the vendee's lien serves as a security interest, giving the buyer a claim against the property in the event that the seller fails to fulfill their obligations, such as transferring the title or completing the sale. This mechanism ensures that the buyer has recourse and helps to prevent the seller from taking advantage of the transaction to the detriment of the buyer.

In comparison, other options focus on different aspects of property transactions and financial security. Preventing foreclosure, securing loan payments, and clearing tax obligations pertain to other legal instruments or protections that do not specifically address the buyer's interests in a sale transaction. Hence, the vendee's lien distinctly aims to safeguard the buyer's rights and investments in real estate deals.