#1
What is a lien in real estate?
A legal claim against a property to secure payment of a debt
ExplanationLegal claim for debt payment
#2
Which of the following is NOT a type of lien in real estate?
Easement lien
ExplanationEasement not a lien
#3
What is a release of lien?
The removal of a lien from a property once the debt is paid off
ExplanationLien removal post debt payment
#4
What is the priority of liens on a property?
Determined by the date each lien was recorded
ExplanationPriority by recording date
#5
Which lien takes precedence over all other liens on a property?
Property tax lien
ExplanationProperty tax has priority
#6
What is the difference between a voluntary lien and an involuntary lien?
Voluntary liens are placed with the consent of the property owner, while involuntary liens are imposed by law without the property owner's consent.
ExplanationVoluntary vs Involuntary
#7
What happens to liens when a property is sold?
Liens remain attached to the property
ExplanationLiens stay with property
#8
Which type of lien takes priority over all other liens, including mortgage liens?
Property tax lien
ExplanationProperty tax priority over mortgages
#9
What happens to a lien if the debtor declares bankruptcy?
The lien remains attached to the property
ExplanationLien remains post bankruptcy