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What is the duration of Lien and Distress Warrant?

1) 1 year
2) 3 years
3) 5 years
4) 10 years

User Doogal
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1 Answer

4 votes

Answer:

The duration of a Lien and Distress Warrant varies by jurisdiction and is unrelated to typical mortgage terms of 15 or 30 years.

Step-by-step explanation:

The duration of a Lien and Distress Warrant is not directly provided in the context of the student's question about mortgages; however, it is essential to know that liens and distress warrants have varying lengths depending on jurisdiction. Mortgage terms, as noted in the reference provided, typically span 15 or 30 years, but this is for the mortgage itself, not for the liens or warrants that might be associated with the property. In many jurisdictions, liens such as property tax liens, mechanic's liens, or judgment liens typically have specific durations that can be different than the length of a mortgage. Without knowing the specific type of lien or distress warrant being referenced, or the jurisdiction in question, it is not possible to state definitively the duration.

User Rishabh Agrawal
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8.3k points