A new subdivision requires payment of homeowners association dues. If unpaid, what type of lien do they create?
A. General lien applying to all property owned by the homeowner
B. Involuntary lien that does not pass to the next buyer of the property
C. Personal debt that is not secured by real property
D. Specific lien that encumbers the property
Answer: D. Specific lien that encumbers the property
Unpaid homeowners association dues create a specific lien, meaning that the lien attaches only to a particular piece of property. A lien is an encumbrance, so it is not terminated by the sale of the property and would affect the next buyer's title.
You might also like to view...
____________ occurs when the outside provider of an organization's goods or services is located abroad.
A. International development B. Outsourcing C. Offshoring D. Expatriation E. None of the above
All of the following are examples of business-to-business (B2B) business models except:
A) e-distributors. B) e-procurement. C) exchanges. D) portals.