The party holding the lien is called the

The part who has property encumbered by the lien is called the

Liens can be classified by how they affect property

A general lien is a claim against

A specific lien is a claim against a specific property, both real or personal

Liens made with the owner's consent

Created by law and do not require the owner's consent

Involuntary liens can be further classified as

Involuntary statutory liens are

Liens can be created by

Outstanding real estate, including special assessments, take priority over all other liens.

The holder of a mortgage on a tract of land may subordinate it to a construction mortgage for a building on the land because it will enhance the value of the property.

List two ways that liens can be classified

The party who holds the lien right is called the lienor.

Specific liens can be used to affect all the property of the debtor.

Voluntary liens are created by law (statute).

Mechanics' liens take priority over all other liens.

List 3 ways that liens can be created.

A charge against property for a debt or obligation of the property owner

A lien that applies to all of a person's property

Created by law, either by statute or by the court

A lien that applies to a specific property

A written agreement between lienholders to change priority of their liens

Real estate tax liens are __, involuntary liens created by statute.

Two types of real estate taxes

Ad valorem (general) real estate tax raises money for the operation of

Ad Valorem (general) is based on the assessed value of the property being taxed.

The ad valorem is based on the ___ of the property being taxed.

If the real estate taxes on a property have not been paid for the length of time specified in the law, the government can exercise its lien right and have the property sold at a ___ to satisfy the outstanding taxes.

The owner of the tax delinquent property is usually given certain rights to retrieve the property called

When can you get your property back?

Special assessments is a tax levied on ____ to pay for local improvements.

Special Assessments: the property owners are required to pay for the public improvements because

Sidewalk improvements, repaving of streets, new curbs, and installation of streetlights can be considered

Special real estate tax for improvements that benefit the property redemption rights

The borrower's right to redeem the property after the foreclosure sale

A real estate tax based on the value of the property

A value put on real estate as a basis to calculate the amount of tax

The borrower's right to redeem the property before a foreclosure sale

Used to adjust property assessments so that they are equitable throughout a state

An amount equal to one-tenth of a cent

List the 2 types of real estate tax liens.

In most states, the winner at a tax sale receives a tax deed to the property.

In most states, the winner at a tax sales receives a

Property owners can redeem their property after the tax sale by exercising their statutory redemption rights.

When a lender makes a loan using real estate as security, the property owners signs a mortgage document that creates a lien against

A mortgage lien is a

A mechanic is someone who provides materials or services for the real estate.

What law protects people who provide materials or services for a real estate?

A mechanic's lien is a

When a judgment is recorded, it creates a lien on ___ property of the defendant.

Judgments are

Instructing the sheriff to seize and sell the debtor's property.

Should be recorded to clear the judgment lien when the property is sold to satisfy the debt

Retainment of custody of the property until the suit is over

Income tax liens are classified as ___ liens.

A federal tax lien is effective for

Income tax liens are classified as ___ liens.

Liens against a deceased person's estate are classified as ___ liens.

A local ___ may place a lien on property to satisfy unpaid utility bills.

A municipal utility lien is classified as a ____ lien.

A mechanic's lien does not apply in a situation where the owner has paid the general contractor for the work but the general contractor has not paid the subcontractors and suppliers.

To clear a judgment lien, the debtor should obtain a satisfaction of judgment.

Liens against a deceased person's estate are superior to the rights of the estate's heirs.

List the involuntary liens.

List the specific liens.

Decree issued by the court at the conclusion of a lawsuit.

Notice in the public records of a pending lawsuit.

A lien that protects the suppliers of goods and services to the real estate.

An equitable servitude is created by an instrument complying with the Statute of Frauds, stating that the use of the land is restricted, and giving notice of the restriction to

Survey showing the locations, sizes, and shapes of the buildings on a lot.

Statutes of Limitations for Judgments and tax liens for State is

Statutes of Limitations for Judgments and tax liens for the United States is

Statutes of Limitations for Judgments and tax liens for federal is

Statutes of Limitations for Judgments and tax liens for State of Maryland Judgments