Which of the following liens would have PRIORITY over a previously recorded first mortgage in California?
Why A property tax lien Is Correct
Answer C: A property tax lien
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
People Also Study
Related California Questions
- Which type of lien takes priority regardless of when it was recorded?Escrow & Title
- In California, the Costa-Hawkins Rental Housing Act restricts local governments from applying rent control to which type of residential property?Property Management
- Under California law, a mechanics' lien must be filed within what time period after completion of a construction project by a general contractor?Escrow & Title
- Under California law, what is the maximum prepayment penalty period allowed on a conventional first mortgage secured by owner-occupied residential property of 1-4 units?Finance
- Under California law, when two unmarried persons take title to property as joint tenants, what right does each party have upon the other's death?Property Ownership
- Which of the following liens has the highest priority when multiple liens exist on a property?Escrow & Title
- After a non-judicial foreclosure sale in California, the former homeowner has a right of redemption for:Escrow & Title
Key Terms to Know
A financial claim against a property that serves as security for a debt or obligation, giving the creditor the right to foreclose if unpaid.
Transfer TaxA tax imposed by state or local governments when real property ownership is transferred, typically based on the sale price.
Option ContractA contract giving the buyer the right, but not the obligation, to purchase a property at a specified price within a specified time period.
Right of First RefusalA contractual right giving a party the opportunity to match any offer received before the owner can accept it from a third party.
Study This Topic
Practice More California Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free California Quiz →