Arizona Real Estate License Practice Exam

Question: 1 / 1505

What type of lien is a monetary judgment by the court?

Voluntary lien on the personalty and realty of the subject

Involuntary lien on the personalty and realty of the subject debtor

A monetary judgment by the court creates what is known as an involuntary lien against the debtor's assets, which includes both personal and real property. The term "involuntary" refers to the fact that this lien is imposed by the legal process rather than being agreed upon by the debtor, as is the case with voluntary liens like mortgages where the debtor consents to the lender's claim against their property.

Once a court issues a judgment, it has the force of law, and the lien attaches automatically to the debtor's properties, specifically both real estate and personal belongings. This means that if the debtor fails to pay the judgment, the creditor can seek to enforce the lien and may pursue foreclosure on real estate or seize personal property to satisfy the debt. Hence, identifying the lien as involuntary demonstrates the legal ramifications imposed by the court's decision without the debtor's consent.

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Involuntary lien against the realty only of the subject debtor

Voluntary lien against the personalty only of the subject debtor

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