Daily Real Estate Exam Prep Question #148 – Liens

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Today our query has to do with liens and lien varieties.

Real property liens are monetary claims in opposition to property. A mortgage is the most typical type of actual property lien. This lien is filed by a lender to be able to safe the lender’s long-term actual property mortgage.

Liens may be divided into two classes: Voluntary and Involuntary liens. Then after that divided into two extra classes: Specific and common.

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