Exam 9: Liens on Property

This document is recorded by the owner of real property to notify third parties that the owner of the specified real property has authorized certain improvements to be undertaken on the property:

The following lien has priority over all other liens:

A ___ prevents a party to a lawsuit from conveying title to property, real or personal, while the suit is pending.

A judgment lien is a specific lien.

A purchase money mortgage is a:

A specific lien is one that is secured by a particular parcel of real property.

A construction lien is a statutory lien.

What types of tax liens can attach to property?

Explain the concept of equitable right of redemption.

A ___ is a final decree of a court resolving a dispute and determining the rights and obligations of the respective parties.

The person or entity receiving a loan is called a mortgagee.

This lien generally attaches to property retroactively:

A ___ is recorded when a lawsuit is pending that affects the title of real property.

What is a lien, and what rights are given to the holder of a lien?

The following are all general liens except:

To enforce a judgment lien, the plaintiff must have the court issue a ___, which directs the sheriff to levy upon the property and sell it at a sheriff's sale.

How is a real property tax lien enforced?

A mortgage is an example of a statutory lien.

A ___ puts an owner on notice of those parties expecting payment for work or materials incorporated into the owner's property.

Who may file construction liens, and how do construction liens attach to property?