Escrow & Title
A 'vendor's lien' arises when:
AA contractor files a mechanic's lien for unpaid work
BA seller who provided financing has not been fully paid the purchase price✓ Correct
CA property management company holds a lien for unpaid management fees
DA utility company places a lien for unpaid services
Explanation
A vendor's lien (seller's lien) is an implied equitable lien that arises in favor of the seller when they have conveyed title but have not yet received the full purchase price. It can arise in seller-financed transactions.
Related Oregon Escrow & Title Questions
- In Oregon, 'constructive notice' provided by recording a deed means:
- In Oregon, a 'deed in lieu of foreclosure' means:
- In Oregon, a deed must be acknowledged (notarized) before it can be:
- At closing, the escrow officer's role is to:
- A 'special warranty deed' (also called a limited warranty deed) differs from a general warranty deed in that it:
- In Oregon, what is 'title insurance' designed to protect against?
- What is the 'American Land Title Association' (ALTA) and what role does it play in Oregon title insurance?
- What is 'escrow impound' (also called an escrow account or reserve account) in an Oregon mortgage?
Practice More Oregon Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Oregon Quiz →