Real Estate Law 11

admin 2019.05.05 20:32 Views : 235

Check Your Understanding Answers

  1. What two factors primarily determine lien priority?
    • the lien's categorization as superior or junior
    • the date of recordation of the lien
  1. What types of liens are considered superior liens?
    • Real estate tax liens
    • Special assessment liens
    • Federal and state inheritance tax liens
       
  2. A court-ordered lien against all real or personal property of a parent who defaults on child support is an example of what kind of lien?

    Judgment lien
  1. What does a mechanic’s lien do?

    It secures the costs of labor, materials, and supplies incurred in the repair or construction of real property improvements so that if a property owner fails to pay for work performed, or materials supplied, a worker or supplier can file a lien to force the sale of the property and collect the debt.
No. Subject Author Date Views
222 Real Estate Law 17 admin 2019.05.06 574
221 Real Estate Law 16 admin 2019.05.06 322
220 Real Estate Law 15 admin 2019.05.06 245
219 Quiz 3 admin 2019.05.05 11252
218 Chapter 3 Summary admin 2019.05.05 295
217 Real Estate Law 14 admin 2019.05.05 349
216 Real Estate Law 13 admin 2019.05.05 221
215 Real Estate Law 12 admin 2019.05.05 242
» Real Estate Law 11 admin 2019.05.05 235
213 Real Estate Law 10 admin 2019.05.05 208
212 Real Estate Law 9 admin 2019.05.05 208
211 Real Estate Law 8 admin 2019.05.05 244
210 Real Estate Law 7 admin 2019.05.05 265
209 Quiz Law 2 admin 2019.05.04 52960
208 Chapter 2 Review (5) file admin 2019.05.04 303
207 Chapter 2 Review (4) admin 2019.05.04 257
206 Chapter 2 Review (3) admin 2019.05.04 292
205 Chapter 2 Review (2) admin 2019.05.04 500
204 Chapter 2 Review admin 2019.05.04 273
203 Real Estate Law 6 admin 2019.05.04 291