A lien is an interest in real property that serves as security for an obligation. Which...

A lien is an interest in real property that serves as security for an obligation. Which of the following is an example of a general lien?

a. Property Tax and Assessment Lien

b. Mortgage Lien

c. Lien arising from a court judgement unrelated to ownership of the property

d. mechanics' lien

Solutions

Expert Solution

pl rate

A lien is an interest in real property that serves as security for an obligation. Which of the following is an example of a general lien?

the correct option is

b Mortgage Lien

keosha answered 1 year ago

Next > < Previous

Related Solutions

A real estate investor wants to buy a property for $300,000 using an 80% LTV first-lien...

A real estate investor wants to buy a property for $300,000 using an 80% LTV first-lien mortgage loan. A lender offers a 30-year fully amortizing CPM loan at 6% with monthly repayments. The loan requires the borrower to pay an origination fee of $5,000 upfront. 1. How much would the lender actually disburse (net loan proceeds)? 2. What is the effective interest rate on the loan if the mortgage is paid off as originally scheduled? 3. If the investor prepays...

Which of the following is not a role nor a property of the mediator? serves as...

Which of the following is not a role nor a property of the mediator? serves as bridge between gene-specific transcription co-activators and RNA pol II provides a scaffold for the assembly of the preinitiation complex acts as a regulator for the basal expression of RNA polI-dependent genes binds to response elements to recruit transcription factors and RNA pol II

Discuss the concept of a security interest in personal property, as what is it, how is...

Discuss the concept of a security interest in personal property, as what is it, how is it perfected? Next discuss why it is important for businesses who engage in the sale of personal property to protect their interests in that property as what are the dangers if a business fails to perfect security interests in the property it sales? How and why do third parties have security interests in personal property? Business Law... Please help...

Sally owns real property for which the annual property taxes are$16,680. She sells the property...

Sally owns real property for which the annual property taxes are $16,680. She sells the property to Kate on April 2, 2020, for $834,000. Kate pays the real property taxes for the entire year on October 1, 2020. Assume a 365-day year. Round any division to four decimal places. Round your final answers to the nearest dollar. a. How much of the property taxes can be deducted by Sally and how much by Kate? Sally can deduct $____ and Kate...

3. Prepare correspondence to the owner of the property regarding execution of mechanics lien for payment.

Once a document conveying an interest in real property is placed in the public records it...

Once a document conveying an interest in real property is placed in the public records it is binding on the public, whether or not they make an effort to learn of it. Based on the common law tradition, this policy is known as the: Statute of Frauds doctrine of constructive notice habendum clause actual notice

a. How is a security interest created in personal property? What is the key legal document...

a. How is a security interest created in personal property? What is the key legal document in creating a security interest in personal property? How is a security interest perfected in personal property? What is the key legal document when it comes to perfecting a security interest in personal property by filing?

Why are the computer ethics issues of privacy, security, and property ownership of interest to accountants?

How is a security interest perfected in personal property? What is the key legal document when...

How is a security interest perfected in personal property? What is the key legal document when it comes to perfecting a security interest in personal property by filing?

“Real options” use the concept of an option as the right but not the obligation to...

“Real options” use the concept of an option as the right but not the obligation to buy or sell an asset. In looking at investment projects with large capital expenditures – such as whether to drill for oil in a new field – managers often use this approach to planning their investment spending in stages. How would this approach be used to manage the risks in a large project, and why is it preferable to the use of discounted cash...

Subjects