Encumbrances & Liens - Lien Types Flashcards
1
Q
Mortgage lien
A
Voluntary
2
Q
Tax Lien
A
Involuntary
3
Q
General
A
Against any & all assets
4
Q
Specific
A
Against car or house
5
Q
Paid before junior liens
A
Superior
6
Q
Paid after superiors by date of recording
A
Junior