Real Estate Law 65

admin 2019.05.12 19:33 Views : 214

Check Your Understanding Answers

  1. Define a judgment lien.

    A judgment lien is an involuntary, general lien that attaches to real and personal property as a result of a money judgment issued by a court in favor of a creditor.
     
  2. List the four ways a judgment lien can be terminated.
    • Lien Payment
    • Lien Expiration
    • Discharge in Bankruptcy
    • Discharge by Creditor
       
  3. The homestead exemption does not apply to which two specific types of judgment liens?

    Child support and spousal maintenance
     
  4. What is the purpose of a writ of attachment?

    A writ of attachment prevents a defendant in a lawsuit from selling or concealing property before a judgment has been issued.
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