Which of the following claims against a real property interest would be the first to be satisfied?
A) First trust deed
B) Second trust deed
C) Property taxes
D) Newly filed IRS tax lien
Correct Answer:
Verified
Q11: A "due on sale" clause
A) may be
Q12: A property is sold and the buyer
Q13: A promissory note
A) describes the property being
Q14: Barry purchased Bob's home without accepting obligation
Q15: A borrower who wanted to make a
Q17: In the United States, the instrument most
Q18: An alienation clause in a mortgage loan
Q19: A mortgage or trust deed is considered
Q20: When a loan evidenced by a note
Q21: In a promissory note, the term "principal"
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