Happy Hour 08/23/2024

What is the primary purpose of a lien search on a property?

• To determine the property's current market value

• To check for any legal claims or liens against the property

• To verify the property's zoning status

Which of the following types of properties can have liens placed against them?

• Residential

• Commercial

• Industrial

• All of the above

A lien search is typically conducted before which of the following transactions?

• Renting a property

• Purchasing a property

• Landscaping a property

A utility lien on a property usually indicates:

• The property owner has not paid for public services such as water, sewer, or electricity

• The property has unpermitted utility connections

• The property owner has overpaid utility bills

Which of the following is NOT a type of lien that may appear in a lien search?

• Mechanic's Lien

• Zoning Lien

• Judgment Lien

What does it indicate if there are multiple liens against a property?

• The property has been well-maintained

• There may be financial or legal complications with the property

• The property is free of any legal claims

Who is typically responsible for clearing any existing liens before the sale of a property?

• The buyer

• The current property owner

• The real estate agent

How can a lien affect the sale of a property?

• It speeds up the sale process

• It can delay or prevent the sale until the lien is resolved

• It has no impact on the sale

What type of lien might be placed on a property due to unpaid utility bills?

• Mechanic's Lien

• Utility Lien

• Tax Lien

How can unpaid property taxes result in a lien on a property?

• A tax lien can be placed by the local government until the taxes are paid

• The property owner is only fined

• The lien is placed by the buyer