The Legal Environment of Business
Quiz 12: Mortgages and Nonconsensual Liens
Attachment Liens and Judgment Liens Are Obtained by the Creditor
Attachment liens and judgment liens are obtained by the creditor with the debtor's consent.
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Recording a lien against real estate does not give the lienor an automatic right to the property if the debt remains unpaid.
A _____ is a means of securing a debt with real estate. A)bequest B)bailment C)mortgage D)buyback E)pledge
To shut off the owner's interest in property and sell it upon default is known as: A)redlining. B)recording. C)attachment. D)foreclosure. E)redemption.
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