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Property OwnershipLiensMEDIUM

Which type of lien generally holds the highest priority in Delaware, regardless of when other liens were recorded?

Correct Answer

B) Property tax lien imposed by the local government

In Delaware, property tax liens hold the highest priority over all other liens, including mortgages, mechanic's liens, and judgment liens, regardless of when those other liens were recorded. This super-priority status ensures that local governments can collect taxes owed on real property. In a foreclosure or sale, property tax liens must be satisfied before any other lien holders receive proceeds.

Answer Options
A
First mortgage lien recorded against the property
B
Property tax lien imposed by the local government
C
Mechanic's lien filed by a contractor for unpaid work
D
Judgment lien obtained through a court order

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Deep Analysis of This Property Ownership Question

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Background Knowledge for Property Ownership

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Real World Application in Property Ownership

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Related Topics & Key Terms

Related Topics:

lien prioritymechanic's lienjudgment lienmortgage foreclosuretitle search

Key Terms:

lien priorityproperty tax liensuper-prioritymechanic's lienjudgment lienmortgage lien

Related Concepts

Tenancy by the entirety is a form of co-ownership available only to married couples that includes the right of survivorship and protection from individual creditors. Neither spouse can unilaterally sell or encumber the property.

Tenancy in common is a form of co-ownership in which two or more persons hold separate, undivided interests in property without the right of survivorship. Each owner can hold unequal shares and can independently transfer their interest.

A freehold estate conveys ownership rights, while a leasehold estate grants the right to possess and use property for a specific period without ownership.

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