Escrow & Title
Vermont's 'judgment lien' against a property owner attaches to:
AOnly the property involved in the lawsuit
BAll real property owned by the judgment debtor in the county or town where the judgment is recorded✓ Correct
COnly personal property
DFuture property the debtor may acquire
Explanation
A recorded judgment lien in Vermont attaches to all real property owned by the judgment debtor in the municipality or jurisdiction where it is docketed, becoming an encumbrance on title that must be addressed before clear title can be conveyed.
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Key Terms to Know
Encumbrance
Any claim, lien, charge, or liability attached to real property that affects its value or limits its use.
LienA 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.
Math Concepts
State-Specific Concepts
DRE Regulation
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