Mastering Real Estate Principles, Eighth Edition - Unit 5

A property with a market value of $160,000 is assessed at 35% of market value. If the tax rate is $3 per $100 of assessed value, what is the amount of the semiannual tax?

Both the real and personal property of the debtor could be sold to pay the debt with which of the following types of liens?

What is the name of the action taken in court where real estate is sold to satisfy a lien?

If a company provided materials used to remodel a house and is not paid, the company would file a

A property owner has defaulted on his mortgage and the court orders the property sold to satisfy it. If the property has several liens, which has first priority?

Which liens takes priority over the others?

Which lien is considered a voluntary lien?