Janice Freeman has been constructing a home on her acre lot. The experience has been time consuming and frustrating. Currently, there is a construction mortgage and liens from the framer, plumber and roofer on the property. Janice has found a buyer for the property. The sale of her property to a third party:
A) Extinguishes the liens.
B) Eliminates the construction mortgage.
C) Satisfies all lienholders.
D) Is not possible without payment of the contractors and the construction lenders.
Correct Answer:
Verified
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