Question

A real estate purchase transaction closes on February 15. The buyer does not record the deed until April 24. A judgment for $12,000 against the grantor is filed and recorded on April 21. The judgment:

1) Is a lien against the property
2) Is invalid relative to the subject property
3) Constitutes a judgment inchoate
4) Is a judgment in reversion

Answer 1

1) Is a lien against the property. The judgment filed and recorded against the grantor on April 21 constitutes a lien against the property, which means it must be paid off before the property can be sold or transferred.

Step-by-step explanation:

The judgment filed and recorded on April 21 against the grantor constitutes a lien against the property. A lien is a legal claim or encumbrance on a property, which can be enforced to satisfy a debt or an obligation. In this case, the judgment lien attaches to the property and will need to be paid off before the property can be sold or transferred.

It is important to note that the buyer did not have knowledge of the judgment when the real estate transaction closed on February 15. However, the recording of the judgment on April 21, before the buyer recorded the deed on April 24, establishes the lien's priority over the buyer's interest in the property.

Therefore, option 1) is correct: the judgment is a lien against the property.