Deck 9: Liens on Property

Question 1

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

Answer 1

notice of lis pendens

Question 2

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

Answer 2

True

Question 3

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:

A) notice to owner
B) notice of commencement
C) notice of nonresponsibility

Answer 3

B

Question 4

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

Question 5

What types of tax liens can attach to property?

Question 6

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

Question 7

A mortgage is an example of a statutory lien.

Question 8

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

Question 9

The following are all general liens except:

A) federal estate tax lien
B) real property tax lien
C) judgment lien

Question 10

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

Question 11

Explain the concept of equitable right of redemption.

Question 12

This lien generally attaches to property retroactively:

A) federal estate tax lien
B) construction lien
C) judgment lien

Question 13

A construction lien is a statutory lien.

Question 14

A purchase money mortgage is a:

A) specific, voluntary lien
B) specific, involuntary lien
C) general, involuntary lien

Question 15

How is a real property tax lien enforced?

Question 16

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.

Question 17

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

Question 18

A judgment lien is a specific lien.

Question 19

The following lien has priority over all other liens:

A) real property tax lien
B) mortgage
C) construction lien

Question 20

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