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부동산

Real Estate Law 11

2019.05.05 20:32 Views : 130

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.
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