Escrow & Title
In Oklahoma, a judgment lien arises when:
AA property owner misses a mortgage payment
BA court enters a money judgment against a property owner and the judgment is properly filed and recorded in the county where the property is located✓ Correct
CThe county assessor increases property taxes
DAn easement is created by necessity
Explanation
A judgment lien attaches to the debtor's real property in the county where the judgment is properly recorded. It must be paid (or bonded over) to convey clear title. The creditor can eventually force a sheriff's sale if the judgment remains unpaid.
Related Oklahoma Escrow & Title Questions
- A preliminary title commitment in Oklahoma is issued by a title company to:
- An Oklahoma title insurance company that discovers a claim against a covered property will typically:
- An Oklahoma warranty deed conveys title with which covenants?
- In an Oklahoma transaction, who typically pays for the owner's title insurance policy?
- In an Oklahoma commercial real estate transaction, the title company's hold-back escrow is often used when:
- In Oklahoma, 'title by adverse possession' requires the possessor to have held the property for at least how many years (with color of title and payment of taxes)?
- At an Oklahoma residential closing, the buyer's attorney or title officer reviews all documents and the title commitment. The buyer signs numerous closing documents including:
- Which type of title insurance policy protects the lender's interest in a property?
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