Escrow & Title
A Washington property is subject to a lien priority dispute. Generally, lien priority is determined by:
AThe size of the lien (largest first)
BThe date and time the lien was recorded ('first in time, first in right')✓ Correct
CThe type of lien (mortgages always have priority)
DThe county assessor
Explanation
Under Washington's recording statutes, lien priority is generally determined by the date and time of recording — the first lien recorded takes priority over later-recorded liens. Property tax liens are a statutory exception.
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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.
Option ContractA contract giving the buyer the right, but not the obligation, to purchase a property at a specified price within a specified time period.
Right of First RefusalA contractual right giving a party the opportunity to match any offer received before the owner can accept it from a third party.
DeedA written legal instrument used to transfer ownership of real property from one party (grantor) to another (grantee).
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