Escrow & Title
In Virginia, a judgment lien against a property owner attaches to all real property owned by the debtor in the jurisdiction where the judgment is recorded. To clear the lien, the property owner must:
AWait for the lien to expire automatically after 1 year
BPay the judgment or obtain a satisfaction of judgment, then record it✓ Correct
CFile bankruptcy immediately
DRequest VREB to intervene
Explanation
A judgment lien in Virginia attaches to real property in the locality where recorded and remains for up to 20 years. To clear the lien and convey marketable title, the debtor must pay the judgment and record a satisfaction of judgment in the land records.
People Also Study
Related Virginia Questions
- A title search in Virginia reveals an unsatisfied judgment lien against the seller. This lien:Escrow & Title
- In Virginia, a 'judgment lien' against a property owner arises when:Escrow & Title
- A Virginia deed of trust lien is satisfied when the borrower pays off the loan. To clear the lien from title, the trustee records a:Escrow & Title
- In Virginia, a judgment lien attaches to real property when:Escrow & Title
- A Virginia property owner's title is best described as 'marketable' when:Property Ownership
- A Virginia property owner files a petition requesting that the locality reclassify their land from R-1 (single-family) to B-1 (commercial). This is called:Land Use & Zoning
- A Virginia property owner wants to rezone their land near a major interchange for commercial development. The rezoning application must be consistent with the locality's:Land Use & Zoning
- A Virginia property seller who executes a deed without first satisfying a recorded judgment lien is conveying:Property Ownership
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.
Chain of TitleThe sequential record of all transfers of ownership for a piece of property from the original patent holder to the present owner.
Math Concepts
Study This Topic
Practice More Virginia Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Virginia Quiz →