A monetary claim which one person has upon the property of another as security for a debt is called a(n) _____.
lien
A person who has a right of lien upon the property of another is called a _____.
lienor
A person whose property is subject to a lien is called the _____.
lienee
A lien which arises when a mortgage is used to finance a home is called a _____ lien.
mortgage
An ad valorem tax lien occurs when _____.
ad valorem taxes are not paid
A special assessment tax lien occurs when _____.
a special assessment tax is levied (IMPOSED)
Ad valorem and special assessment tax liens attach to _____.
the real property that is taxed
Federal income tax liens attach to _____.
all real and personal property of the lienee
A lien which can be filed by anyone who supplies labor or materials in the construction or repair of property is called a _____ lien.
mechanic's
A mechanic's lien attaches to _____.
the real property on which work was done
How do you give notice of a claim against real property under a mechanic's lien?
file a notice of lis pendens
A lien which results from a legal action in court is called a _____ lien.
judgment
A judgment lien attaches to _____.
all real and personal property of the lienee
When a lawsuit results in a judgment lien, the sheriff is directed to sell the property of the lienee through a(n) _____.
writ of execution
After a judgment lien is awarded, a writ of execution results in a(n) _____.
sheriff's sale
The lien which arises when the proceeds from a foreclosure sale are insufficient to satisfy the outstanding indebtedness is called a _____ lien.
deficiency judgment
A deficiency judgment lien is associated with which of the following situations?
foreclosure
Does a deficiency judgment lien occur before or after a foreclosure sale?
after
A deficiency judgment lien attaches to _____.
all real and personal property of the lienee
Liens created by agreement of the parties are called _____ liens.
voluntary
Liens created by the operation of law are called _____ liens.
involuntary
Another name for an involuntary lien is a _____ lien.
statutory
A lien which attaches to all property owned by the lienee is called a(n) _____ lien.
general
A judgment lien is categorized as a _____ lien.
general
A judgment lien is categorized as a(n) _____ lien.
involuntary A judgment lien is created by an act of law (in court).
A deficiency judgment lien is categorized as a _____ lien.
general
A deficiency judgment lien is categorized as a _____ lien.
statutory
A federal income tax lien would be categorized as _____.
general
A federal income tax lien would be categorized as _____.
statutory
A lien which attaches only to a particular property identified in the lien is called a _____ lien.
specific
Another name for a specific lien is a _____ lien.
special
A mortgage lien is categorized as a _____ lien.
specific
A mortgage lien is categorized as a(n) _____ lien.
voluntary Mortgage liens are created by agreement between the parties.
An ad valorem tax lien is categorized as a _____ lien.
specific
An ad valorem tax lien is categorized as a _____ lien.
statutory
A mechanic's lien is categorized as a _____ lien.
specific
A mechanic's lien is categorized as a(n) _____ lien.
involuntary Mechanic's liens are created by the operation of law.
The legislation which establishes priority of liens in most states is called _____.
race statutes
With two exceptions, liens have priority from the date they are _____.
recorded
The type of lien which has priority over all others is a _____ lien.
property tax
Mechanic's liens take priority from the date _____.
work began
To transfer a title encumbered by a lien, the lien must be _____.
satisfied or assumed