Escrow & Title
In NC, the priority of liens on a property is generally determined by:
AThe type of lien (mortgage, tax, judgment)
BThe date and time of recording, with earlier recordings having higher priority (with some exceptions for property taxes)✓ Correct
CThe amount of the lien
DThe creditworthiness of the lienholder
Explanation
Lien priority in NC is generally determined by the date and time of recording ('first in time, first in right'), with property tax liens typically having super-priority over private liens.
Related North Carolina Escrow & Title Questions
- When a NC seller pays off their mortgage at closing, the deed of trust is released by recording a:
- In North Carolina, a deed of trust must be signed by:
- A 'commitment for title insurance' in NC is issued by the title company to:
- On a $350,000 sale, how much is the North Carolina excise tax?
- A lender's title insurance policy (mortgagee's policy) in North Carolina:
- Which of the following is typically a seller's closing cost in a North Carolina transaction?
- Which of the following would appear as a buyer's debit on a closing disclosure?
- In NC, the seller's attorney typically handles which task at closing?
Practice More North Carolina Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free North Carolina Quiz →