David Saks: November 2009

David Saks - Real Estate Broker - The Real Estate Mart of Tennessee, Inc. - 4040 North Watkins-Suite #4 - Memphis, Tennessee 38127 - Phone (901) 357-4663

Real Estate Practice : Lesson 403

                                                    #403

A judge ruled in a pending lawsuit that a lien is to be placed on the defendant's home which will place a hold on the property as security if a judgement is ruled against the homeowner.

The court's action is commonly referred to as a prescription for adverse judgement.

Is this true or false ?

Remember to take your time. The solution is posted below the royalty free wildlife photo.

wildlife

A. False

The court's ruling is known as an attachment.

An attachment is a lien imposed on the property which will remain in effect while the final result of the lawsuit is being awaited.




David Saks



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Comment balloon 0 commentsDavid Saks • November 09 2009 01:45AM
Real Estate Practice : Lesson 403
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#403 A judge ruled in a pending lawsuit that a lien is to be placed on the defendant's home which will place a hold on the property as security if a judgement is ruled against the homeowner… more
Real Estate Practice : Lesson 402
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#402 Andrew has actually constructed an easement over Tanya's property. If Andrew buys Tanya's property next month the easement will continue to exist. Is this true or false.. more
Real Estate Practice : Lesson 401
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#401 If a balcony in an apartment structure hangs over a boundary line which was created to delineate the boundary line of the property this would be called an appurtenant easement. … more
Real Estate Practice : Lesson 400
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#400 When we talk about real estate property tax liens we're talking about tax liens that are general, voluntary liens that affect property. Is this true or false Take your… more
Real Estate Practice : Lesson 399
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#399 When a subdivision creates private restrictions in the declaration of Covenants, Conditions and Restrictions, or CC&R's, the restrictions are originally created when the… more
Real Estate Practice : Lesson 398
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#398 If there is a cloud on a title, and it seems that it can't be cleared, a judicial proceeding takes place that decides ownership with a suit for the partition of the property in… more
Real Estate Practice : Lesson 397
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#397 One of the main reasons why the grantee should see to it that the deed is recorded properly is to demonstrate that the deed was conveyed and accepted. Is this statement true… more
Real Estate Practice : Lesson 395
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#395 If there just happens to be an unfortunate cloud on the title the cloud may be cleared by underwriting a title insurance policy. Is this true or false Take your… more
Real Estate Practice : Lesson 394
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#394 When a conveyance is undertaken, in order for the conveyance to take place the deed must be valid and must be recorded before the conveyance may occur. Is this true or false &… more
Real Estate Practice : Lesson 393
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#393 When a warranty deed is given to the purchaser of a parcel of real estate the warranty deed specifically warrants that the price paid for the property was within 5% of the actual market… more