Property OwnershipIntermediateDelaware Exam

Which of the following is a specific (voluntary) lien?

AProperty tax lien
BJudgment lien
CMortgage lienCorrect
DFederal estate tax lien

Why Mortgage lien Is Correct

Answer C: Mortgage lien

A mortgage lien is a specific, voluntary lien because it is voluntarily placed on a specific property by the borrower as collateral for the loan.

Exam Tip: Property Ownership

Property ownership questions test the bundle of rights and different forms of ownership. Know the differences between joint tenancy, tenancy in common, and community property, including the right of survivorship.

Key Property Ownership Terms in This Question

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