Podcast
Questions and Answers
Which type of lien generally has priority over others?
Which type of lien generally has priority over others?
When did the public improvement assessment take place in relation to the other liens?
When did the public improvement assessment take place in relation to the other liens?
What was the date of the trust deed that recorded on March 29, 2004?
What was the date of the trust deed that recorded on March 29, 2004?
Which lien is most likely to be subordinate to the public improvement assessment?
Which lien is most likely to be subordinate to the public improvement assessment?
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Which statement about mechanic's liens is correct based on the priority rules?
Which statement about mechanic's liens is correct based on the priority rules?
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Study Notes
Lien Priority
- Public improvement assessments take priority over other liens.
- This is true even when the assessment lien is created after another, recorded lien.
- A mechanic's lien is not a priority lien.
- A trust deed, executed on March 27, 1998, recorded on March 29, 2004, holds no priority.
- A trust deed executed and recorded on March 28, 2004, holds no priority.
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Description
Test your understanding of lien priority with this quiz. Explore how public improvement assessments rank against other liens and the position of mechanics' liens. Challenge yourself on the specifics of trust deeds and their recording dates.
