What type of claim is an involuntary lien considered?

Study for the Oregon Broker PSI Exam. Quiz with flashcards and multiple choice questions with hints and explanations. Prepare for your exam efficiently!

An involuntary lien is a claim placed on a property without the consent of the property owner, typically arising from a failure to meet financial obligations. This means that the property owner did not willingly agree to this lien; rather, it is imposed due to circumstances such as unpaid taxes, outstanding mortgage payments, or other debts related to the property. Involuntary liens serve to protect the interests of creditors or government entities by allowing them to secure their claims against the property until the obligations are met. Thus, the nature of an involuntary lien directly aligns with the definition of a claim resulting from financial responsibilities that were not fulfilled.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy