Concerning tax liens on real property in California, which of the following statements is most incorrect:
A: A lien for real property taxes has priority over liens for assessments undertaken for public purposes regardless of time of the creation of the respective lien;
B: The beneficiary under a standard trust deed is usually given explicit power to foreclose the lien if the trustor fails to pay property taxes when they become a lien against the property;
C: Liens against the property arising out of contractual arrangements are inferior to real property tax liens;
D: Any property sold by the state at public auction to collect delinquent property taxes has the effect of transferring to the new purchaser the title free and clear of any trust deed lien.
Answer: A: A lien for real property taxes has priority over liens for assessments undertaken for public purposes regardless of time of the creation of the respective lien;
You might also like to view...
Which of the following factors DOES NOT need to be specified when using a statistical package to determine the appropriate sample size for a research study?
A) precision level B) confidence level C) population standard deviation D) population demographics E) C and D
If someone drives a small car, eats mostly homemade foods, and carries a small amount of debt, they are probably a member of the consumer class
Indicate whether the statement is true or false