Escrow & Title
A judgment lien is created when:
AA property owner files for bankruptcy
BA court enters a money judgment against a property owner✓ Correct
CA contractor files for nonpayment
DThe county records unpaid property taxes
Explanation
A judgment lien arises when a court enters a money judgment against a defendant who owns real property. The judgment is recorded and becomes a lien on all real property the debtor owns in that county.
Related Arkansas Escrow & Title Questions
- A 'cloud on title' is:
- A trustee's deed is used to convey property held in a:
- A 'gap' in the chain of title occurs when:
- An abstract of title is best described as:
- A property owner who believes their property was overassessed by the county assessor may:
- A 'confirmation of sale' or 'affidavit of consideration' in Arkansas is sometimes required to:
- The distinction between 'actual' and 'constructive' notice is important in real property law because:
- Which of the following BEST describes a 'cloud on title'?
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