Property Ownership
Which of the following is an example of an encumbrance on a property?
AA recent appraisal report
BA mortgage lien✓ Correct
CA certificate of occupancy
DA property tax receipt
Explanation
An encumbrance is any claim, lien, charge, or liability against a property that may diminish its value or restrict its use. A mortgage lien is a financial encumbrance. Easements, deed restrictions, and judgments are also encumbrances.
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