Property Ownership
An Oregon seller receives a lien from a judgment against them after they listed their property for sale. This judgment creates a:
AVoluntary specific lien on the listed property only
BInvoluntary general lien that attaches to all real property the debtor owns in the county✓ Correct
CLis pendens affecting only the pending sale
DSpecific lien on the property that created the judgment
Explanation
A judgment lien in Oregon is an involuntary general lien — it automatically attaches to all real property owned by the judgment debtor in the county where the judgment is recorded. This could cloud the title and must be resolved before the seller can convey clear title.
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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.
Title InsuranceInsurance protecting against financial loss from defects in a property's title that existed before closing but were unknown at the time of purchase.
Abstract of TitleA condensed history of a property's title, summarizing all recorded documents and encumbrances affecting it from the earliest record to the present.
DeedA written legal instrument used to transfer ownership of real property from one party (grantor) to another (grantee).
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