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An Easement is what type of encumbrance?
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A change in zoning directly across the street would be a potential
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CHap 4 Quiz
| Question | Answer |
|---|---|
| An Easement is what type of encumbrance? | Voluntary or Involuntary |
| A change in zoning directly across the street would be a potential | Potential Encumbrance |
| Which of the following would most likely hinder the transfer of clear title to a property in a community? | A homeowners back tax lien |
| A non-court ordered easement by prescription must be __________, __________ and ___________ to be legally recognized? | Visible, Open and Notorious |
| An Easement is what type of encumbrance? | Voluntary or Involuntary |
| A title policy underwriter discovers a defect in the chain of title and they can't seem to find where a previous owner ever signed the deed to the current owner. This defect would cause what potential action? | A title policy most likely won’t be issued |
| HOA CC&R’s are considered an | Encumbrance |
| A buyer moves into their new home then are served by papers to pay a lien from a previous contractor that worked on the house 2 years ago. What should the owner do? | Refer this to their title insurance policy |
| What would most likely hinder the transfer of clear title to a property in a community? | A homeowners back tax lien |
| A neighbor’s trees are hanging over the fence line in the backyard. The offended homeowner has complained to the HOA but they can't help as this is not an HOA issue. The HOA referred the owner to file a complaint against the neighbor due to what action? | Encroachment |
| An HOA can foreclose for failure to pay dues or assessments but the minimum owed must be at least how much? | $1200 |
| HOA's may not be able to enforce the illegal paint color change on a property that was sold 2 years ago due to what? | Latches |
| CC&R violations discovered by an escrow company would be? | Encumbrance |
| Governments can levy liens against a deceased person’s estate. These are: | Statutory |
| Which of the following is a voluntary lien? | Mortgage |
| The IRS has the power to lien both personal and real property. This is what type of encumbrance? | General, Involuntary, Statutory |
| The city and state have been provided the power to encumber your property by taxing the owner of each parcel of land. Even the smallest parcel of land is taxed. What type of encumbrance is this? | Specific and Involuntary |
| A non-court ordered easement by prescription must be __________, __________ and ___________ to be legally recognized? | Visible, Open and Notorious |
| By agreeing to take out a Home Equity Line Of Credit (HELOC) on their home, the owners allowed the lender to place what on their title? | A voluntary specific lien |
| A title policy underwriter discovers a defect in the chain of title and they can't seem to find where a previous owner ever signed the deed to the current owner. This defect would cause what potential action? | A title policy most likely won’t be issued |
| Property taxes, mechanics lien, mortgage lien; which comes first? | Property Taxes |
| A lumber yard didn’t get paid from the framing contractor who was hired by the General Contractor. They have how long to file a lien on the property where the material was used? | They can’t file a lien as a supplier of materials used on a job |
| The IRS has the power to lien both personal and real property. This is what type of encumbrance? | General, Involuntary, Statutory |
| Landlocked property must be granted an easement and is known as the: | Dominant Tenement |
Created by:
jenlubers