Property Ownership, Transfer of Title & Land Use 6.5

Question 1

Mortgage liens and deed of trust liens are?

Answer 1

Voluntary, specific liens used in real estate financing.

Question 2

Mechanic’s liens are?

Answer 2

Involuntary, statutory, specific liens.

Question 3

What are mechanic liens used for?

Answer 3

Mechanic’s liens give security to those who perform labor or furnish materials in the improvement of real property.

There must be an agreement; a contract (expressed or implied, but usually written) between the owner and the contractor for the work to be performed.

Question 4

Utility Liens are?

Answer 4

are involuntary, equitable, specific liens granted to municipalities to assure collection of the funds due them for utility services they have provided to property owners.