31.7k views
1 vote
Which lien usually would be given highest priority in disbursing funds from a foreclosure sale?

User Enn
by
7.1k points

1 Answer

7 votes

Final answer:

Property tax liens are usually given the highest priority in disbursing funds from a foreclosure sale.

Step-by-step explanation:

When funds are disbursed from a foreclosure sale, the lien with the highest priority is the one that is given first access to the proceeds. In general, property tax liens are given the highest priority. This is because property taxes are considered essential for government funding and are therefore given precedence over other liens. Other liens, such as mortgage liens or judgment liens, would be given lower priority.

Learn more about Property tax liens

User Tokuriku
by
7.8k points