Property Ownership
What is a 'real property security' under California law?
AA fence or wall securing a property
BAny interest in real property used to secure payment of an obligation, such as a mortgage or deed of trust✓ Correct
CA homeowner's insurance policy
DAn alarm system protecting the property
Explanation
A real property security is any lien or encumbrance placed on real property to secure a debt or obligation, including deeds of trust, mortgages, and mechanics' liens. These give the creditor a claim against the property if the obligation is not met.
Related California Property Ownership Questions
- What is 'escheat'?
- A 'lis pendens' recorded against a property provides notice that:
- The bundle of rights associated with real property ownership includes all EXCEPT:
- In California, when a married couple acquires real property during marriage with community funds and takes title as 'community property with right of survivorship,' what is the primary advantage over joint tenancy?
- Real property includes which of the following?
- A homeowner's deed of trust is an example of which type of property interest?
- What type of property ownership gives a condominium owner fee simple title to the interior space of their unit?
- Which of the following is an example of an involuntary lien?
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