A judgment lien is the only type that can attach to both real property and personal belongings. Unlike tax liens or mechanic's liens, which are tied to specific assets, a judgment lien is court-issued and can reach any assets the creditor needs to satisfy a debt.
Get ready for question of the day. Under which of the following types of liens can both the personal property and the real property of the debtor be sold to pay the debt? A. Real estate tax lien. B. Assessment lien. C. Judgment lien. D. Mechanic's lien. The answer is letter C. Most liens are against a specific property, such as a primary residence. Thus, a contractor seeking payment for a new deck cannot have a homeowner's car attached in settlement. A judgment lien, however, is a decision directed by the courts and can apply to whatever assets it deems appropriate. Learned something new? Give us a like, tag a friend, and let's keep the conversation going. Message us here or visit our website.
