Escrow & Title
Property taxes in Alaska that are not paid create a(n):
AMechanic's lien
BVoluntary lien
CGeneral (involuntary) tax lien✓ Correct
DAttachment lien
Explanation
Unpaid property taxes create a tax lien — an involuntary, general lien that attaches to the property by operation of law. In Alaska, property tax liens typically have priority over most other liens including mortgages.
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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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