Property Ownership第 10 / 120 题
California's homestead exemption primarily protects a homeowner's equity from:
a.Property tax liens
b.Mortgage foreclosure by the lender
c.Certain judgment creditors
d.IRS federal tax liens
解析
The homestead exemption shields a portion of a homeowner's equity in a principal residence from forced sale by most unsecured judgment creditors. It does not prevent foreclosure by a voluntary lienholder such as a mortgage lender, nor does it defeat tax liens. The exempt amount is set by statute and adjusts over time.
法律依据: CA Code of Civil Procedure免费刷完整 120 道题库 — 无需注册。
同考点相关题目
- A utility company's right to run power lines across many parcels, benefiting no particular parcel of land, is an example of an:
- Which statement best describes the relationship between encumbrances and liens?
- A contractor who improved a property but was not paid may secure the debt against that specific property by recording a:
- An owner of land bordering a flowing river or stream holds water use rights known as:
- To acquire title by adverse possession in California, a claimant generally must, among other requirements, occupy the land openly and:
- A married couple wants to hold title so the survivor automatically owns the whole property and also receive a favorable tax basis step-up on the entire property at the first death. They should consider: