Escrow & Title
In New Hampshire, what is the priority rule for competing liens on the same property?
AThe largest lien always has priority
BGenerally, the first lien recorded has priority over subsequently recorded liens✓ Correct
CThe government lien always takes priority over all others
DMortgage liens always take priority over mechanic's liens
Explanation
New Hampshire follows the 'first in time, first in right' rule for lien priority — the lien recorded first generally has priority. However, property tax liens and certain statutory liens may have super-priority.
People Also Study
Related New Hampshire Questions
- What type of lien takes priority over all other liens, including first mortgages, in New Hampshire?Property Ownership
- A NH mortgage recorded in 2010 and a mechanic's lien recorded in 2012 on the same property — in a foreclosure, which has priority?Escrow & Title
- Priority of liens on a property is generally determined by:Escrow & Title
- In New Hampshire, the 'first meaningful contact' disclosure rule means an agent must disclose agency options:Agency
- The priority of liens on a NH property is generally determined by:Escrow & Title
- A NH property owner's lien for unpaid NH property taxes typically has what priority compared to a first mortgage?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.
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.
DeedA written legal instrument used to transfer ownership of real property from one party (grantor) to another (grantee).
State-Specific Concepts
Mechanic's Lien
Study This Topic
Practice More New Hampshire Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free New Hampshire Quiz →