Assessments, mechanics liens, and homestead exemptions

Question 1

A lien against property that is subject to an owners association for nonpayment of HOA fees

Answer 1

Homeowners association assessment lien

Question 2

A person’s land used as their residence, the equity in which is usually exempt from attachment by creditors to a statutory please set them out, $150,000 in Arizona

Answer 2

Homestead

Question 3

A general lien place by the internal revenue service for nonpayment of income taxes

Answer 3

Income tax lien

Question 4

A court order requiring one party to pay damages to the other

Answer 4

Judgment

Question 5

A statement signed by a contractor by which the contractors claim or right to a lien is terminated

Answer 5

Lien waiver and release

Question 6

A specific lien claimed by someone who performed work on the property (construction, repairs, or improvements) or supplied materials and has not been paid

Answer 6

Mechanic’s lien – also called

Materialman’s Lien

Question 7

A tax levied only against properties that benefit from a government improvement (IE a sewer or street light), to cover the cost of the improvement; creates an involuntary lien

Answer 7

Special assessment

Question 8

A court order directing the sheriff to seize and sell as much of the defendant’s property as necessary to satisfy the debt in the expense of the sale

Answer 8

Writ of execution