Escrow & TitleIntermediateAlaska Exam
Which of the following is a general lien that attaches to all of a debtor's real and personal property?
AA mechanic's lien
BA judgment lienCorrect
CA mortgage lien
DA tax lien on a specific parcel
Why A judgment lien Is Correct
Answer B: A judgment lien
A judgment lien is a general lien that attaches to all non-exempt real property of the debtor within the jurisdiction where it is recorded, unlike a specific lien (such as a mortgage) which attaches only to a particular property.
Exam Tip: Escrow & Title
Escrow questions test the neutral third-party role and the sequence of closing events. Remember that the escrow agent acts as a dual agent for both buyer and seller and cannot advocate for either side.
Key Escrow & Title Terms in This Question
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Key Terms to Know
Lien
A financial claim against a property that serves as security for a debt or obligation, giving the creditor the right to foreclose if unpaid.
DeedA written legal instrument used to transfer ownership of real property from one party (grantor) to another (grantee).
EasementA non-possessory right to use another person's land for a specific purpose.
EncumbranceAny claim, lien, charge, or liability attached to real property that affects its value or limits its use.
State-Specific Concepts
Mechanic's Lien
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