Study (Principles 1) Real Estate Taxes and Other Liens Part Two Flash Cards

 
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(Principles 1) Real Estate Taxes and Other Liens Part Two

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The rights of an estate's heirs are superior over any liens against a deceased person's estate T/F?
F
When a special assessment is calculated, each parcel of real estate that will benefit from the improvement is
Not neccessarily accessed the same amount
A federal judgment lien becomes what kind of lien on the property of the judgment debtor upon the government's recording a certified copy of the judgment or an abstract of the judgment?
General
An income tax lien is what kind of lien?
General, Involuntary
What must an original contractor give to a property owner upon receipt of the final payment for completed construction?
Final Bills paid affidavit
A vendor's lien is what kind of lien?
Specific, Involuntary
An inheritance tax lien is a
General Lein
If Center City levies a special assessment against residents in a new subdivision for the extension of water lines into the new area, it is what kind of tax?
Specific, Involuntary
To prevent an owner from transferring title to real estate while a court suit is being decided, a plaintiff may obtain what kind of writ from the court?
Attachment
A vendee's lien is a claim against a seller's property in the event that a seller fails to deliver title T/F?
T
If a financing statement concerning a security interest in personal property or fixtures is filed, upon the borrower's default the creditor
could repossess the personal property and remove it from the premises.
A Texas Workforce Commission (TWC) wage lien
attaches to all real and personal property, with the exception of homestead property, belonging to an employer who owes back wages
What kind of lien is placed on a piece of property by the seller of that property when the buyer does NOT pay the full purchase price owed?
Vendor's
A mechanic's lien is what kind of lien?
Specific, involuntary
When real estate is used as security for a defendant to obtain temporary release from jail, it is called a
Surety bail bond lein
A abstract of judgment should be filed
In all county clerk's offices where the debtor owns property
In addition to the exemptions against forced sale by creditors for homestead real property, Texas citizens have exemptions for personal property T/F?
T
The property owner is required by the Texas Property Code to withhold what percent of the total construction bill for 30 days following completion of work?
10
A discharge of debts in bankruptcy eliminates a mortgage lien T/F?
F
A writ of execution is issued before a judgment has been issued by the court
T/F?
F
A Texas Workforce Commission (TWC) wage lien attaches only to personal property belonging to an employer who owes back wages to an employee T/F?
F
A utility district, created by a developer of property NOT within the boundaries of a town or city, furnishes water and sewer services to property owners within its boundaries T/F?
T
Interest may NOT be charged on a special assessment tax when it is paid in installments T/F?
F
A special assessment is a tax levied on real estate that requires property owners to pay for improvements that benefit the real estate they own T/F?
T
A person claiming a mechanic's lien must file a judgment in the public records within the time period set by state law T/F?
F
Liens may be placed against a deceased person's estate by creditors, by the state for inheritance taxes, and by the federal government for estate taxes T/F?
T
Both general contractors and subcontractors are entitled to a mechanic's lien T/F?
T
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