What kind of lien is awarded by the court after a creditor has filed suit and won?

Prepare for the Washington Advanced Real Estate Exam. Utilize flashcards and multiple choice questions with explanations to increase your understanding and improve your chances of success. Study efficiently and excel in your exam!

A judgment lien is awarded by the court after a creditor has filed a lawsuit and successfully won that case. This type of lien allows the creditor to place a claim against the debtor's property to secure the amount owed as a result of the judgment. The judgment lien attaches to the debtor's real property in the county where the judgment was recorded and can facilitate the collection of the debt if the property is sold or refinanced.

Other types of liens, such as an attachment lien, are typically secured before a judgment is finalized, and special assessments relate to charges for specific local improvements that benefit the property. An excise tax is a tax on the sale of goods or services, not related to property liens or judgments. Therefore, the judgment lien is the most relevant and correct answer in the context of liens resulting from court actions.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy