Escrow & Title
A mechanic's lien in Missouri is filed by:
AThe county assessor for unpaid taxes
BA contractor or supplier who performed work or supplied materials and was not paid✓ Correct
CThe lender to protect their mortgage
DMREC for licensing violations
Explanation
A mechanic's lien can be filed by contractors, subcontractors, or material suppliers who have not been paid for work or materials provided to improve real property.
People Also Study
Related Missouri Questions
- In Missouri, a 'mechanic's lien' is filed by:Property Ownership
- A judgment lien attaches to all real property owned by the debtor in Missouri when it is:Escrow & Title
- The closing disclosure (CD) in a Missouri transaction must be provided to the borrower at least how many days before closing?Escrow & Title
- In Missouri, property taxes are a lien on the property. Unpaid property taxes have what lien priority?Escrow & Title
- A special assessment lien in Missouri arises from:Escrow & Title
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.
ProrationThe division of ongoing property expenses (taxes, HOA dues, rents) between buyer and seller at closing based on their respective days of ownership.
Short SaleA sale of real property where the sale proceeds are less than the outstanding mortgage balance, requiring lender approval.
Debt-to-Income Ratio (DTI)A lender's measure of a borrower's monthly debt obligations relative to their gross monthly income, used to evaluate loan eligibility.
State-Specific Concepts
Mechanic's Lien
Study This Topic
Practice More Missouri Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Missouri Quiz →