Restrictions On Real Property

Question 0

Mechanics lien-

Answer 0

Is placed on property by party that preformed labor to improve property.

Question 1

Mortgage Lien or Deed of Trust

Answer 1

Is voluntary on real estate that secures the loan for the lender till debt is paid.

Question 2

Judgement

Answer 2

Decision by court.
It’s general, involuntary, equitable

On real and personal property

Question 3

Writ of attachment-

Answer 3

Creditor might seek, which allows the court to retain custody of property while a suit is being decided.

Prevent debtor from transferring real estate before a judgement is made

Question 4

Lis Pendens Notice-

Answer 4

Constructive notice, could result in lien,

Makes property Unmarketable

Action affecting property has been filed

Question 5

IRS tax lien-

Answer 5

General,
Statutory,
Involuntary

On citizens that owe taxes,
Does not supersede previously recorded liens

Question 6

Lien Priorities

Answer 6

1) real estate taxes & special assessments
2) senior lien
3) junior lien in order of recording